Stock Traders Buy Large Volume of CenterPoint Energy Put Options (NYSE:CNP)

Cornelia Mascio
Settembre 24, 2017

This represents an increase of approximately 1,817% compared to the typical daily volume of 543 put options. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.07. Finally, Royal Bank Of Canada reissued a "hold" rating and set a $29.00 price objective on shares of CenterPoint Energy in a research report on Monday, September 11th. BidaskClub raised CenterPoint Energy from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered shares of CenterPoint Energy from a "buy" rating to a "hold" rating in a research report on Monday, January 9th. Credit Suisse Group upgraded shares of CenterPoint Energy from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co started coverage on CenterPoint Energy in a research report on Thursday, June 29th. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. CenterPoint Energy now has a consensus rating of "Hold" and a consensus price target of $27.89.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.45, for a total transaction of $27,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Nationwide Fund Advisors has an ownership of 121,056 stocks of the utilities provider's shares valued $3,338,000 after scooping up an extra 3,841 shares through out the previous quarter, Wells Fargo & Company MN upgraded its stake in stocks of CenterPoint Energy by 94.0% in the 1st period. The hedge fund held 81,687 shares of the public utilities company at the end of 2017Q2, valued at $2.24M, up from 42,122 at the end of the previous reported quarter.

Several hedge funds have recently added to or reduced their stakes in CNP. BlackRock Inc. lifted its holdings in CenterPoint Energy by 1,521.6% during the first quarter. LLC now owns 4,600 shares of the utilities provider's stock worth $126,000 after buying an additional 100 shares in the last quarter. Paradigm Asset Management Co. KCM Investment Advisors LLC raised its stake in CenterPoint Energy by 0.4% in the third quarter. Federated Investors Inc. PA now owns 20,922 shares of the utilities provider's stock worth $516,000 after buying an additional 140 shares during the last quarter. Vanguard Group Inc. lifted its holdings in CenterPoint Energy by 5.3% during the first quarter. The firm owned 112,522 shares of the utilities provider's stock after selling 4,778 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of CenterPoint Energy during the second quarter worth about $154,000. CenterPoint Energy, Inc. (NYSE:CNP) has risen 25.54% since September 22, 2016 and is uptrending. The company had a trading volume of 2,626,025 shares. Also, the number of investment managers holding Centerpoint Energy Inc in their top 10 holdings was flat from 1 to 1 for the same number. The company has market cap of $12.87 billion. The firm's 50-day moving average price is $29.40 and its 200 day moving average price is $28.29.

CenterPoint Energy (NYSE:CNP) previously released its fiscal periodic earnings information on Early Thur, Aug 3rd. State Street Corp now owns 23,857,898 shares of the utilities provider's stock valued at $657,763,000 after purchasing an additional 818,887 shares in the last quarter. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $1.98 billion. CenterPoint Energy had a ROE of 16.45% and a net profit margin of 6.86%. CenterPoint Energy's quarterly revenue was up 36.1% compared to the same quarter past year. During the same quarter past year, the firm earned $0.17 EPS. On average, analysts expect that CenterPoint Energy, Inc. will post $1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, May 16th will be issued a dividend of $0.2675 per share. The ex-dividend date was Monday, August 14th.

Since January 1, 0001, it had 0 insider buys, and 3 sales for $84,470 activity. CenterPoint Energy's dividend payout ratio is now 76.98%.

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The fund held 25,631 stocks of the utilities provider's shares after unloading 310,781 shares through out the period.

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