CenterPoint Energy (NYSE:CNP) has tumbled 0.17% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.67% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.02% and the outperformance has advanced to 3.71% for the last 4 weeks period.
CenterPoint Energy (NYSE:CNP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.95 and $22.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.10, notching a gain of 0.26% for the day. The total traded volume was 4,244,052 . The stock had closed at $23.04 on the previous day.
The company shares have rallied 18.34% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $23.42 and the one year low was seen on Dec 11, 2015. The 50-Day Moving Average price is $22.31 and the 200 Day Moving Average price is recorded at $19.78.
On the companys insider trading activities, Mcgoldrick Joseph B, officer (Exec VP – Div Pres) of Centerpoint Energy Inc, unloaded 9,000 shares at an average price of $22.23 on May 13, 2016. The total amount of the transaction was worth $200,070, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on CenterPoint Energy (NYSE:CNP). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $21 per share to $22.5 per share. The rating by the firm was issued on May 12, 2016. Currently the company Insiders own 0.15% of CenterPoint Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.7% . Institutional Investors own 76.32% of CenterPoint Energy shares. During last six month period, the net percent change held by insiders has seen a change of -6.7%.
CenterPoint Energy, Inc. is a public utility holding company. The companys 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.