CenterPoint Energy Inc. (NASDAQ: CNP) Market Updates – Analysis and Comparisons

CenterPoint Energy, Inc.day trading at USD 17.78 per share, then rallying to 18.25 and closing at USD 18.05 per share. A net gain of 1.51% for the day. Long term pricing analysis shows the stock trading at 40.57% lower than it’s 52week high and -52.93% higher than the 52week low. The share volume traded for the day was 6,528K which was 0 times the 50 Day Average Volume.

CenterPoint Energy, Inc.had a market cap of 9,072,957K as of 1st June 2020. The Earnings Per Share (EPS) for Q4 2019 is $ -1.39

CenterPoint Energy, Inc. is an American Fortune 500 electric and natural gas utility serving several markets in the American states of Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. It was formerly known as Reliant Energy, NorAm Energy, Houston Industries, and HL&P.

Financial Results

CenterPoint Energy, Inc. Reports First Quarter Of Fiscal 2020.

  • CenterPoint Energy, Inc. (NYSE: CNP) reported a loss available to common shareholders of $1,228 million, or loss of $2.44 per diluted share, for the first quarter of 2020, compared to income available to common shareholders of $140 million, or $0.28 per diluted share, for the first quarter of 2019.
  • First-quarter 2020 earnings were $0.50 per diluted share from utility operations and $0.10 per diluted share from midstream investments, excluding non-cash impairment charges.
  • The Houston electric – transmission & distribution segment reported net income of $37 million for the first quarter of 2020, compared with $30 million for the first quarter of 2019.
  • The Indiana electric – integrated segment reported a net loss of $171 million for the first quarter of 2020, compared with a net loss of $9 million for the first quarter of 2019.
  • The natural gas distribution segment reported net income of $204 million for the first quarter of 2020, compared with $120 million for the first quarter of 2019.

CenterPoint Energy, Inc. (1st June 2020): The Institutional Ownership as of today stood at 84.84% and the Total Value of Holdings (millions) is $ 7,582.

New Institutional Holders and other activity – As of today, the total number of shares held is 426,446,189 by 662 institutional holders.

LATEST NEWS:

29-May-2020:- Shell Asset Management Co. Has $592,000 Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Shell Asset Management Co. reduced its position in shares of CenterPoint Energy, Inc. (NYSE: CNP) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,299 shares of the utilities provider’s stock after selling 2,800 shares during the period.

29-May-2020:- CenterPoint Energy, Inc. (NYSE: CNP) Shares Bought by Commerce Bank

Commerce Bank grew its position in shares of CenterPoint Energy, Inc. (NYSE: CNP) by 6.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,142 shares of the utilities provider’s stock after acquiring an additional 1,171 shares during the quarter.

27-May-2020:- Cetera Advisor Networks LLC Increases Holdings in CenterPoint Energy, Inc. (NYSE: CNP)

Cetera Advisor Networks LLC increased its holdings in shares of CenterPoint Energy, Inc. (NYSE: CNP) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,374 shares of the utilities provider’s stock after purchasing an additional 2,764 shares during the period.

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