Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:24 AM
|This Slide: #146 of 581|
Slide #146. CenterPoint Energy, Inc. — Preferred Stock Offering
CenterPoint Energy, Inc. (NYSE:CNP)
Date of Pricing:
Price Per Share:
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.
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Buy (3.28 out of 4)
(ranked lower than approx. 65% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com