CenterPoint Energy, Inc. (CNP) Institutional Buying Interests Getting Higher

CenterPoint Energy, Inc. (NYSE:CNP) has made a 16.53% comeback from a 12-month low price of $24.81. It was seen -1.33% lower, changing the price to $28.91, when the closing bell rang on 12/17/2018. At recent session, the prices were hovering between $28.73 and $29.625. This company shares are 2.53% off its target price of $29.64 and the current market capitalization stands at $14.51B. The recent change has given its price a 3.72% lead over SMA 50 and -2.27% deficit over its 52-week high. The stock witnessed 5.28% gains, 0.45% gains and 10.85% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CNP’s volatility during a week at 1.83% and during a month it has been found around 1.71%.

CenterPoint Energy, Inc. (CNP) Top Holders

Institutional investors currently hold around $11.92 billion or 82.1% in CNP stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.6 billion in CenterPoint Energy, Inc., which represents roughly 11.06% of the company’s market cap and approximately 13.46% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 49,109,810 shares of the stock are valued at $1.44 billion. The third largest holder is State Street Corp, which currently holds $684.67 million worth of this stock and that ownership represents nearly 4.72% of its market capitalization.

CenterPoint Energy, Inc. 13F Filings

At the end of September reporting period, 327 institutional holders increased their position in CenterPoint Energy, Inc. (NYSE:CNP) by some 85,238,819 shares, 246 decreased positions by 21,480,600 and 97 held positions by 300,122,993. That puts total institutional holdings at 406,842,412 shares, according to SEC filings. The stock grabbed 81 new institutional investments totaling 19,597,635 shares while 51 institutional investors sold out their entire positions totaling 1,787,116 shares.

CenterPoint Energy, Inc. (NYSE:CNP) Insider Trades

Multiple company employees have indulged in significant insider trading. CenterPoint Energy, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President & CEO Prochazka Scott M has sold 4,000 shares of CenterPoint Energy, Inc. (CNP) in trading session dated Dec. 03, 2018. These shares are worth $112,680 and were traded at $28.17 each. The SEC filing shows that Prochazka Scott M performed a sale of 4,000 shares. The President & CEO disposed these shares by way of transaction on Nov. 01, 2018. The company’s shares were given away at $27.09 per share worth to an income of some $108,360 on account of Prochazka Scott M.

President & CEO, Prochazka Scott M, sold 4,000 common shares of CenterPoint Energy, Inc. (CNP) in the open market. In a transaction dated Sep. 04, 2018, the shares were put up for sale at an average price of $27.81, raking in a sum of $111,240. After this sale, 312,156 common shares of CNP are directly owned by the insider, with total stake valued at $9,024,430.

In the transaction dated Aug. 08, 2018, the great number of shares disposed came courtesy the Executive Chairman; Carroll Milton disposed a total of 10,000 shares at an average price of $28.27, amounting to approximately $282,700. The insider now directly owns 142,597 shares worth $4,122,479.

CenterPoint Energy, Inc. (CNP) Analyst Guide

Several analysts have released their opinion on CenterPoint Energy, Inc. (NYSE:CNP), with 4 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.