Centerpoint Energy Inc (CNP) Files Form 4 Insider Selling : Joseph B Mcgoldrick Sells 9,000 Shares

Centerpoint Energy Inc (CNP): Joseph B Mcgoldrick , Exec VP – Div Pres of Centerpoint Energy Inc sold 9,000 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $22.23 per share for a total value of $200,070.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 18, 2015, Janiece M Longoria (director) sold 3,000 shares at $17.03 per share price.On Jun 2, 2015, Tracy B Bridge (Exec VP – Div Pres) purchased 10,000 shares at $19.80 per share price.Also, On May 18, 2015, Joseph B Mcgoldrick (Exec VP – Div Pres) purchased 10,000 shares at $20.15 per share price.On May 18, 2015, Phillip R Smith (director) purchased 2,000 shares at $20.28 per share price.

Shares of CenterPoint Energy (CNP) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.50% at $22 with 35,32,391 shares getting traded. Post opening the session at $22.07, the shares hit an intraday low of $21.91 and an intraday high of $22.25 and the price vacillated in this range throughout the day. The company has a market cap of $9,474 M and the number of outstanding shares has been calculated to be 43,06,19,430 shares. The 52-week high of CenterPoint Energy is $22.3 and the 52-week low is $16.05.

CenterPoint Energy Money Flow Index Chart

Company has been under the radar of several Street Analysts.CenterPoint Energy is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on May 9, 2016.CenterPoint Energy is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 18 from a previous price target of $17 .The Rating was issued on Feb 29, 2016.

CenterPoint Energy Inc. is a public utility holding company. The company’s segments include: Electric Transmission & Distribution Natural Gas Distribution Energy Services Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential commercial industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners LP and a 0.1% interest in Southeast Supply Header LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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