CenterPoint Energy, Inc. (NYSE:CNP) is on recovery track with 8.7% gain from a 1-year low price of $26.74. The company added 0.17% to attain the price of $29.06 on 7/11/2019. Throughout the recent session, the prices were hovering between $28.68 and $29.085. These shares are 9.08% off its target price of $31.7 and the current market capitalization stands at $14.59B. The recent change has given its price a -1.35% deficit over SMA 50 and -7.51% deficit over its 52-week high. The stock witnessed 1.47% gains, -3.77% declines and 0.28% 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 1.55% and during a month it has been found around 1.65%.
What Does CenterPoint Energy, Inc. (CNP) Do?
The company describes itself in regulatory filings as, “CenterPoint Energy, Inc. is a holding company, which engages in power generation and distribution. It operates through the following segments: Electric Transmission & Distribution; Natural Gas Distribution; Energy Services; Midstream Investments; and Other Operations. The Electric Transmission & Distribution segment generates and supplies energy to retail electric providers. The Natural Gas Distribution segment provides regulated intrastate natural gas sales to, and natural gas transportation and storage. The Energy Services segment offers variable and fixed-priced physical natural gas supplies primarily to commercial and industrial customers, and electric and natural gas utilities through CES and its subsidiary, CEIP. The Midstream Investments segment is consist of the equity method investment of CERC Corp in Enable, which is jointly controlled by CERC Corp. and OGE. The Other Operations segment is comprised of office buildings and other real estate used in the business operations and other corporate operations of the company. The company was founded in 1866 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/CNP/profile under company description.]CenterPoint Energy, Inc. (CNP) Top Holders
Institutional investors currently hold around $11.56 billion or 81.6% in CNP stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.72 billion in CenterPoint Energy, Inc., which represents roughly 11.82% of the company’s market cap and approximately 14.91% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 46,034,435 shares of the stock are valued at $1.34 billion. The third largest holder is State Street Corp, which currently holds $785.88 million worth of this stock and that ownership represents nearly 5.39% of its market capitalization.
At the end of March reporting period, 324 institutional holders increased their position in CenterPoint Energy, Inc. (NYSE:CNP) by some 46,208,521 shares, 283 decreased positions by 55,826,488 and 90 held positions by 296,437,004. That puts total institutional holdings at 398,472,013 shares, according to SEC filings. The stock grabbed 86 new institutional investments totaling 11,866,187 shares while 56 institutional investors sold out their entire positions totaling 8,558,125 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 7,000 shares of CenterPoint Energy, Inc. (CNP) in the trading session dated Jul. 01, 2019. These shares are worth $198,800 and were traded at $28.4 each. The SEC filing shows that Prochazka Scott M performed a sale of 7,000 shares. The President & CEO disposed these shares by way of transaction on Jun. 03, 2019. The company’s shares were given away at $28.4 per share worth to an income of some $198,800 to the account of Prochazka Scott M.
Executive Chairman, CARROLL MILTON, sold 19,780 common shares of CenterPoint Energy, Inc. (CNP) in the open market. In a transaction dated May. 20, 2019, the shares were put up for sale at an average price of $29.7, raking in a sum of $587,466. After this sale, 90,521 common shares of CNP are directly owned by the insider, with total stake valued at $2,630,540.
In the transaction dated May. 01, 2019, a great number of shares sold came courtesy the President & CEO; Prochazka Scott M disposed a total of 7,000 shares at an average price of $30.9, amounting to approximately $216,300. The insider now directly owns 451,362 shares worth $13,116,580.CenterPoint Energy, Inc. (CNP) Analyst Guide
Several analysts have released their opinion on CenterPoint Energy, Inc. (NYSE:CNP), with 5 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.21 average brokerage recommendation [T1].