Thursday, March 01, 2018 10:15 PM ET
Insider Sale at CenterPoint Energy (CNP) Continues Selling Trend
There was a significant sale of shares of CenterPoint Energy by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Milton Carroll, Director and Officer — disposed of 43,363 shares in the company having a market value of approximately $1,179,474. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 46,363 shares and have averaged 23,182 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at CenterPoint Energy is greater than the 20-company peer group average. Multiline Utilities peer group saw 11 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for CenterPoint Energy insiders was also higher. Within the peer group there were 396 shares purchased and 32,404 shares sold with company insiders selling 2,910 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.
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