CenterPoint Energy
About: CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems serving approximately 4 million customers.
Employees: 8,827
0
Funds holding %
of 6,805 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
93% more call options, than puts
Call options by funds: $44.3M | Put options by funds: $23M
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
0.56% less ownership
Funds ownership: 95.55% [Q2] → 94.99% (-0.56%) [Q3]
2% less funds holding
Funds holding: 621 [Q2] → 608 (-13) [Q3]
7% less capital invested
Capital invested by funds: $18.9B [Q2] → $17.6B (-$1.29B) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 218
15% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 85
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
6%
downside
Avg. target
$33
4%
upside
High target
$37
16%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
Ladenburg Thalmann Paul Fremont 65% 1-year accuracy 11 / 17 met price target | 8%upside $35 | Buy Initiated | 12 Dec 2024 |
Scotiabank Andrew Weisel 57% 1-year accuracy 16 / 28 met price target | 10%upside $35 | Sector Outperform Upgraded | 12 Dec 2024 |
UBS William Appicelli 56% 1-year accuracy 5 / 9 met price target | 16%upside $37 | Buy Upgraded | 3 Dec 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 23 / 38 met price target | 3%downside $31 | Equal-Weight Maintained | 22 Nov 2024 |
Scotiabank Andrew Weisel 57% 1-year accuracy 16 / 28 met price target | 6%downside $30 | Sector Perform Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 9 articles about CNP published over the past 30 days
Neutral
PRNewsWire
1 day ago
CenterPoint Energy Declares Regular Common Stock Dividend of $0.2200
HOUSTON , Dec. 13, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2200 per share on the issued and outstanding shares of Common Stock payable on March 13, 2025 to shareholders of record at the close of business on February 20, 2025. This quarterly dividend represents a $0.010 increase over the prior quarter.
Neutral
PRNewsWire
1 day ago
CenterPoint Energy launches "12 Days of Holiday Safety" winter campaign
Holiday campaign to include daily social media tips to keep friends, family and neighbors safe during the holiday season and to promote the importance of preparedness and safety for winter storm season HOUSTON , Dec. 13, 2024 /PRNewswire/ -- As part of a company-wide effort to prepare for extreme weather and the 2025 winter storm season, CenterPoint Energy is launching a new "12 Days of Holiday Safety" campaign. The new holiday campaign will provide important daily winter and holiday safety tips and tools for customers, as well as a social media campaign with safety resources and tips to help customers better prepare for the winter season.
Neutral
PRNewsWire
2 days ago
Greater Houston Resiliency Initiative Phase Two Monthly Update: CenterPoint Energy continues to make good progress with more than 7,000 stronger poles installed across the area in less than 100 days
Actions throughout GHRI Phase Two include installation of stronger poles, clearance of more vegetation miles, undergrounding of more power lines and additional "self-healing" devices When complete, GHRI Phase Two actions will improve reliability by saving customers more than 125 million fewer outage minutes annually. HOUSTON , Dec. 12, 2024 /PRNewswire/ -- Today, as part of the second phase of its Greater Houston Resiliency Initiative (GHRI), CenterPoint Energy shared it latest monthly progress update with new resiliency milestones including the installation of approximately 7,060 stronger, storm-resilient total poles in the last three months.
Neutral
PRNewsWire
2 days ago
CenterPoint Energy announces critical readiness actions in Texas to prepare for 2025 winter storm season
CenterPoint shares regulatory declaration of winter readiness and completion of key actions to inspect and test equipment, strengthen the grid, and prepare for winter storm events Company participated in joint exercise with the Electric Reliability Council of Texas and other utility partners to prepare for extreme cold-weather events HOUSTON , Dec. 12, 2024 /PRNewswire/ -- Today, as part of its 2025 winter storm readiness efforts, CenterPoint Energy shared the completion of key actions to prepare for the coming winter season and mitigate potential impacts of extreme cold weather events. The pre-winter storm readiness actions CenterPoint is taking include: (1) inspecting and testing cold-weather critical equipment; (2) submitting a formal declaration of winter preparedness to regulatory oversight agencies; and (3) coordinating emergency plans with utility partners and grid operators, including a joint training exercise with the Electric Reliability Council of Texas (ERCOT).
Positive
Zacks Investment Research
2 weeks ago
CenterPoint (CNP) Up 10.5% Since Last Earnings Report: Can It Continue?
CenterPoint (CNP) reported earnings 30 days ago. What's next for the stock?
Neutral
PRNewsWire
2 weeks ago
CenterPoint Energy continues to invest in the safety, reliability and resiliency of its natural gas system to benefit customers
The company filed a settlement agreement with the Minnesota Public Utilities Commission reached with intervenors on its 2023 rate case MINNEAPOLIS , Nov. 25, 2024 /PRNewswire/ -- Today, CenterPoint Energy filed a settlement agreement with the Minnesota Public Utilities Commission (Commission) for its rate case submitted in November 2023, to adjust natural gas distribution service rates in 2024 and 2025. The company reached a settlement agreement with all intervening parties including: Minnesota Department of Commerce, Minnesota Office of Attorney General – Residential Utilities Division, Citizens Utility Board of Minnesota, International Union of Operating Engineers Local 49, LIUNA of Minnesota and North Dakota, and Suburban Rate Authority.
Neutral
PRNewsWire
3 weeks ago
Greater Houston Resiliency Initiative Progress Update: CenterPoint Energy Makes Significant Advances on Critical Resiliency Actions
Company has installed or replaced nearly 4,600 stronger storm-resilient poles; cleared more than 800 miles of higher-risk vegetation; undergrounded more than 100 miles of power lines; and installed dozens of new, intelligent grid switching devices HOUSTON , Nov. 19, 2024 /PRNewswire/ -- CenterPoint Energy today released the first of its public progress updates on the actions being taken throughout the Greater Houston 12-county area as part of Phase Two of its Greater Houston Resiliency Initiative (GHRI). In the first two months of the program, and in preparation for the 2025 hurricane season, CenterPoint has installed nearly 4,600 storm-resilient poles designed to better withstand extreme winds; installed more than 100 miles of power lines underground to reduce the impact of extreme weather; cleared more than 800 miles of hazardous vegetation to improve reliability; and installed more self-healing automation devices to help improve overall restoration times.
Positive
Zacks Investment Research
3 weeks ago
POR vs. CNP: Which Stock Is the Better Value Option?
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Portland General Electric (POR) and CenterPoint Energy (CNP). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
PRNewsWire
1 month ago
CenterPoint Energy Completes All 42 of Its Initial Post-Beryl Commitments to Improve Resiliency and Strengthen Emergency Operations
Announcement follows completion of 350 more miles of newly hardened powerlines, on top of additional resiliency and hardening actions completed during Phase One of the Greater Houston Resiliency Initiative. HOUSTON , Nov. 14, 2024 /PRNewswire/ -- CenterPoint Energy today announced the completion of the last of its 42 critical initial actions and commitments it made to state leaders and customers in the aftermath of Hurricane Beryl to immediately strengthen the electric system and improve its storm response.
Neutral
PRNewsWire
1 month ago
CenterPoint Energy Outlines Plan to Minimize May 2024 Derecho Storm Bill Impact for Electric Customers
Company plans to spread emergency Derecho response costs of approximately $450 million across 15 years; Customer bill impact expected to be about $1 per month Financial method expected to save customers more than $50 million in interest charges Derecho storm caused more than an estimated $5 billion in damages across the Greater Houston area unrelated to CenterPoint infrastructure HOUSTON , Nov. 8, 2024 /PRNewswire/ -- As part of its commitment to keeping customer bills more affordable, CenterPoint Energy today filed the first phase of a securitization plan (a lower cost way of financing recovery costs over a longer time period time) with the Public Utility Commission of Texas (PUCT) that would minimize the customer impact of the major May 2024 Derecho and late May storms, that resulted in approximately $450 million in repair, equipment and emergency response costs outside of CenterPoint's normal annual rates as set by the PUCT. Using this method of financing is expected to save customers more than $50 million in interest charges over the 15-year period.
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