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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, December 2, 10:56 AM

Slide #138. CenterPoint Energy, Inc. Preferred Stock 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
Preferred Stock 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 holding company and owns interests in Enable Midstream Partners, LP (Enable). Through its subsidiaries, Co. operates in the following segments: Electric, whereby Co.'s subsisiary, CenterPoint Energy Houston Electric, LLC, is a transmission and distribution electric utility that operates wholly within the state of Texas; Natural Gas, which engages in regulated intrastate natural gas sales and natural gas transportation and storage for residential, commercial, industrial and transportation customers; and Midstream Investments, whereby Enable's assets and operations are organized into two reportable segments: gathering and processing and transportation and storage.

Preferred: CNP.PRB


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Name: 
CenterPoint Energy, Inc
Website: 
www.centerpointenergy.com
Sector: 
Electric Utilities
Number of ETFs Holding CNP: 
93 (see which ones)
Total Market Value Held by ETFs: 
$2,209,098,265.85
Total Market Capitalization: 
$13,013,000,000
% of Market Cap. Held by ETFs: 
16.98%
 

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