CenterPoint Energy Sees Unusually Large Options Volume (NYSE:CNP)

CenterPoint Energy, Inc. (NYSE:CNP) was the recipient of some unusual options trading activity on Monday. Investors bought 45,262 put options on the company. This represents an increase of approximately 1,189% compared to the typical volume of 3,511 put options.

CNP has been the subject of a number of research reports. UBS Group downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $27.00 to $17.00 in a research report on Wednesday, April 1st. Wells Fargo & Co reiterated a “hold” rating and set a $17.00 price target on shares of CenterPoint Energy in a research report on Thursday, April 2nd. Goldman Sachs Group downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $22.00 in a research report on Monday, May 11th. Morgan Stanley raised their price objective on shares of CenterPoint Energy from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 17th. Finally, ValuEngine raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.84.

Shares of NYSE CNP opened at $18.62 on Tuesday. CenterPoint Energy has a 52-week low of $11.58 and a 52-week high of $30.71. The firm has a fifty day moving average of $17.83 and a 200-day moving average of $20.93. The stock has a market capitalization of $9.64 billion, a PE ratio of -13.40, a P/E/G ratio of 2.79 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 2.64.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.22. CenterPoint Energy had a negative net margin of 5.28% and a positive return on equity of 15.75%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts expect that CenterPoint Energy will post 1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.22%. CenterPoint Energy’s payout ratio is 33.52%.

In other news, Director David J. Lesar acquired 11,110 shares of CenterPoint Energy stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $18.05 per share, for a total transaction of $200,535.50. Following the completion of the transaction, the director now directly owns 6,110 shares in the company, valued at $110,285.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of CNP. Rockefeller Capital Management L.P. lifted its holdings in shares of CenterPoint Energy by 151.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,007 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 607 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in CenterPoint Energy by 10.3% in the 4th quarter. Natixis Advisors L.P. now owns 68,767 shares of the utilities provider’s stock worth $1,875,000 after buying an additional 6,424 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in CenterPoint Energy by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 56,404 shares of the utilities provider’s stock worth $1,538,000 after buying an additional 4,022 shares in the last quarter. Korea Investment CORP lifted its holdings in CenterPoint Energy by 96.7% in the 4th quarter. Korea Investment CORP now owns 785,514 shares of the utilities provider’s stock worth $21,421,000 after buying an additional 386,100 shares in the last quarter. Finally, Alphasimplex Group LLC lifted its holdings in CenterPoint Energy by 10.5% in the 4th quarter. Alphasimplex Group LLC now owns 18,459 shares of the utilities provider’s stock worth $503,000 after buying an additional 1,753 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

About CenterPoint Energy

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.

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