Houston Lighting & Power (NYSE:CNP) Chairman Milton Carroll sold 62,779 shares of Houston Lighting & Power stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $26.10, for a total transaction of $1,638,531.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Milton Carroll also recently made the following trade(s):

  • On Wednesday, February 28th, Milton Carroll sold 43,363 shares of Houston Lighting & Power stock. The shares were sold at an average price of $27.20, for a total transaction of $1,179,473.60.

Shares of Houston Lighting & Power opened at $25.29 on Friday, Marketbeat reports. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $11.00 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.04 and a beta of 0.50. Houston Lighting & Power has a fifty-two week low of $25.55 and a fifty-two week high of $25.88.

Houston Lighting & Power (NYSE:CNP) last announced its quarterly earnings data on Friday, May 4th. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Houston Lighting & Power had a net margin of 17.59% and a return on equity of 16.22%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. research analysts predict that Houston Lighting & Power will post 1.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Wednesday, May 16th. Houston Lighting & Power’s dividend payout ratio (DPR) is currently 81.02%.

A number of equities research analysts have weighed in on the stock. SunTrust Banks set a $27.00 price target on shares of Houston Lighting & Power and gave the company a “hold” rating in a research report on Monday, March 19th. Deutsche Bank upgraded shares of Houston Lighting & Power from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. Zacks Investment Research upgraded shares of Houston Lighting & Power from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, February 2nd. JPMorgan Chase lifted their price target on shares of Houston Lighting & Power from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, April 10th. Finally, Credit Suisse Group upgraded shares of Houston Lighting & Power from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.13.

Several hedge funds have recently made changes to their positions in CNP. NuWave Investment Management LLC acquired a new position in shares of Houston Lighting & Power in the fourth quarter valued at approximately $132,000. SeaCrest Wealth Management LLC acquired a new position in shares of Houston Lighting & Power in the fourth quarter valued at approximately $135,000. Welch Group LLC acquired a new position in shares of Houston Lighting & Power in the fourth quarter valued at approximately $148,000. Premia Global Advisors LLC acquired a new position in shares of Houston Lighting & Power in the fourth quarter valued at approximately $188,000. Finally, HBK Investments L P acquired a new position in shares of Houston Lighting & Power in the fourth quarter valued at approximately $227,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Houston Lighting & Power Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

Insider Buying and Selling by Quarter for Houston Lighting & Power (NYSE:CNP)

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