CenterPoint Energy Inc
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Utilities : Multi-Utilities | Mid Cap ValueCompany profile

CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers. Its Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. Its Energy Services segment includes non-rate regulated gas sales and transportation and storage services for commercial and industrial customers. Its Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. Its Other Operations segment includes office buildings and other real estate used in its business operations and other corporate operations.

Postmarket

Last Trade
Delayed
$24.39
-0.06 (-0.25%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$24.45
Day's Change
-0.6025 (-2.40%)
Bid
--
Ask
--
B/A Size
--
Day's High
25.10
Day's Low
24.37
Volume
(Average)
Volume:
7,032,916

10-day average volume:
7,797,574
7,032,916

Glancy Prongay & Murray LLP Continues Its Investigation on Behalf of ADTRAN, Inc. Investors

4:00 pm ET October 10, 2019 (Globe Newswire) Print

Glancy Prongay & Murray LLP ("GPM") continues its investigation on behalf of ADTRAN, Inc.("ADTRAN" or the "Company") (NASDAQ: ADTN) investors concerning the Company and its officers' possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On July 17, 2019, the Company announced "preliminary" earnings for second quarter 2019 due to its ongoing assessment of the reasonableness of its current and previously reported excess and obsolete inventory reserves ("E&O reserves").

On this news, the Company's share price fell $3.69 per share, over 23%, to close at $12.13 per share on July 18, 2019, thereby injuring investors.

Then, on August 12, 2019, the Company disclosed that it would be unable to timely file its quarterly financial report with the SEC. Moreover, the Company disclosed that certain material weaknesses in its internal control resulted in a misstatement of previously reported E&O reserves.

Then, on September 20, 2019, the Company filed its quarterly report for the period ended June 30, 2019 with the SEC and disclosed a $0.8 million out-of-period adjustment, which increased its E&O reserves for the period.

If you purchased ADTRAN securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles/New York

Lesley F. Portnoy, 310-201-9150 or 888-773-9224

shareholders@glancylaw.com

www.glancylaw.com

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