Secondary Stock OfferingsBy The Online Investor Staff, updated Sun., Aug. 19, 11:47 AM
|This Slide: #3 of 25|
Slide #3. CenterPoint Energy, Inc. — Secondary Offering
CenterPoint Energy, Inc. (NYSE:CNP)
Date of Pricing:
Price Per Share:
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.
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Hold (2.25 out of 4)
(ranked lower than approx. 91% of all stocks covered)
Based on Zacks ABR data;
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