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Insider Trends: Insider Purchase Adds to CenterPoint Energy Positive Trend

05/12/2021 05:12

09:07 AM EDT, 05/12/2021 (MT Newswires) -- Jason P Wells, EVP & CFO, made a purchase of 10,000 shares in CenterPoint Energy (CNP) for $240,600 on May 11, 2021. Wells, subsequent to the transactions disclosed in the SEC Form 4 filing, owns 107,416 shares of company stock, with a market value, based on the prior-day closing price, of $2.57 million.

In the 90 days prior to the date of this filing, there have been 26 insider transactions reported to the SEC for CenterPoint Energy. These transactions came from the activities of 14 separate insiders that resulted in a net acquisition of 110,778 company shares. In the preceding 90-day window of time, there are no insider transactions for the company.

This level of insider transactions is below that of the peer group average in the 20-company Multiline Utilities peer group over the last 90-day period. Within the peer group activity averaged 132.4 transactions per company, with company insiders acquiring on average 128,716 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1130310/000120919121031951/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.