Milton Carroll Sells 62,779 Shares of Houston Lighting & Power (CNP) Stock

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

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.

CNP stock opened at $25.29 on Friday. The firm has a market cap of $11.00 billion, a P/E ratio of 18.46, a PEG ratio of 3.04 and a beta of 0.50. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 1.68. Houston Lighting & Power has a one year low of $25.55 and a one year high of $25.88.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.39%. The ex-dividend date is Wednesday, May 16th. Houston Lighting & Power’s payout ratio is 81.02%.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Houston Lighting & Power from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Credit Suisse Group upgraded shares of Houston Lighting & Power from a “neutral” rating to an “outperform” rating and raised their price target for the company from $27.00 to $30.00 in a research report on Wednesday, May 9th. Deutsche Bank upgraded shares of Houston Lighting & Power from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. ValuEngine lowered shares of Houston Lighting & Power from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Bank of America assumed coverage on shares of Houston Lighting & Power in a research report on Wednesday, April 25th. They set a “neutral” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Houston Lighting & Power presently has a consensus rating of “Hold” and an average target price of $28.13.

Institutional investors and hedge funds have recently bought and sold shares of the business. NuWave Investment Management LLC purchased a new position in Houston Lighting & Power during the fourth quarter valued at $132,000. SeaCrest Wealth Management LLC purchased a new position in Houston Lighting & Power during the fourth quarter valued at $135,000. Welch Group LLC purchased a new position in Houston Lighting & Power during the fourth quarter valued at $148,000. Premia Global Advisors LLC purchased a new position in Houston Lighting & Power during the fourth quarter valued at $188,000. Finally, HBK Investments L P purchased a new position in Houston Lighting & Power during the fourth quarter valued at $227,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

About Houston Lighting & Power

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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