The Online Investor
OLI Premium
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Aug. 20, 7:55 PM

Slide #3. CenterPoint Energy, Inc. Secondary Offering

Company: CenterPoint Energy, Inc. (NYSE:CNP)
Date announced: 8/15/2018
Shares Offered: 800,000
Date of Pricing: 8/15/2018
Price Per Share: $1,000.00
Secondary Offering Details: CenterPoint Energy, Inc. (NYSE: CNP) today announced the pricing of an underwritten public offering of 800,000 shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (Series A Perpetual Preferred Stock), at a price to the public of $1,000 per share. Dividends on the Series A Perpetual Preferred Stock will accrue at an annual rate of 6.125% until September 1, 2023. Subject to customary closing conditions, the offering is expected to close on or about August 22, 2018.

CenterPoint Energy is a public utility holding company whose subsidiaries include: CenterPoint Energy Houston Electric, LLC, which engages in the electric transmission and distribution business in the Texas Gulf Coast area; CenterPoint Energy Resources Corp. (CERC Corp.), which owns and operates natural gas distribution systems; and CenterPoint Energy Services, Inc., which obtains and provides variable and fixed-price physical natural gas supplies and services mainly to commercial and industrial customers and electric and natural gas utilities. CERC Corp. also owns interests in Enable Midstream Partners, LP, which owns, operates and develops natural gas and crude oil infrastructure assets.

CenterPoint Energy SEC Filing Email Alerts Service

Open the CNP Page at The Online Investor »

Company Name:  CenterPoint Energy, Inc
Website:  www.centerpointenergy.com
Sector:  Electric Utilities
Number of ETFs Holding CNP:  82
Total Market Value Held by ETFs:  $1.02B
Total Market Capitalization:  $12.21B
% of Market Cap. Held by ETFs:  8.32%
 

Open the CNP Page at The Online Investor (in a new window) »

August 20, 2018    7:55 PM Eastern
Quotes delayed 20 minutes



Hold (2.25 out of 4)
8th percentile
(ranked lower than approx. 92% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2018, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.