Concerns Diverting Active Stocks Direction: CenterPoint Energy (NYSE:CNP), General Motors (NYSE:GM)

CenterPoint Energy, Inc. (NYSE:CNP) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 1.23% to 25.11 with around 543106 shares have changed hands in this session. CenterPoint Energy, Inc. (CNP) reported that Board of Directors declared a regular quarterly cash dividend of $0.2675 per share of common stock, payable on March 10, 2017, to shareholders of record at the close of business on Feb. 16, 2017.

This represents a 4 percent increase from the previous quarterly dividend of $0.2575 and if annualized would equate to $1.07 per share.”The growth rate in our dividend is supported by solid earnings growth across all business sections,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. “The 4 percent increase is consistent with recent increases and marks the 12thconsecutive year we have surged the dividend.” The stock is going forward its fifty-two week’s low with 60.96% and lagging behind from its 52-week’s high price with -0.02%.

Similar, the positive performance for the quarter recorded as 12.27% and for the year was 43.03%, while the YTD performance remained at 0.69%. CNP has Average True Range for 14 days of 0.35.

General Motors Company (NYSE:GM) [Trend Analysis] retains strong position in active trade, as shares scoring -0.22% to $36.31 in a active trade session, while looking at the shares volume, around 2.03 Million shares have changed hands in this session. General Motors Co (GM) will begin on Feb. 1 a $1,500-per-month on-demand concierge subscription service for Cadillac cars and SUVs in New York, a program it hopes will expand to major cities in the United States, Cadillac said on Thursday.

GM and Cadillac will maintain a small fleet of Cadillac cars and Escalade SUVs to serve dozens of clients for the initial phase of the luxury service, which company executives hope will attract first-time drivers of GM’s luxury models.The idea of offering consumers access to an array of models in return for a flat subscription fee has been discussed among auto executives for years.Cadillac claims its “Book by Cadillac” service is the “first of its kind.” The firm has institutional ownership of 73.00%, while insider ownership included 4.66%. GM attains analyst recommendation of 2.50 with week’s performance of 3.53%. Investors looking further ahead will note that the Price to next year’s EPS is -4.81%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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