CenterPoint Energy
CNP
Market cap $20.1B

30.86 USD

+0.88

2.94%

At close Nov 15, 4:00 PM EST

Pre-market

30.86

+0.00

0.00%

1 day

2.94%

5 days

2.42%

1 month

3.00%

3 months

19.29%

6 months

3.70%

Year to date

6.38%

1 year

12.50%

5 years

21.11%

10 years

26.58%

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

Utilities Electric Services

0

Funds holding %

of 6,704 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]

0.61% less ownership

Funds ownership: 95.55% [Q2] → 94.94% (-0.61%) [Q3]

4% less funds holding

Funds holding: 621 [Q2] → 597 (-24) [Q3]

7% less capital invested

Capital invested by funds: $18.9B [Q2] → $17.6B (-$1.3B) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 193 | Existing positions reduced: 215

26% less first-time investments, than exits

New positions opened: 70 | Existing positions closed: 94

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$28

9%

downside

Avg. target

$30

3%

downside

High target

$32

4%

upside

7 analyst ratings

0 positive

0%

7 neutral

100%

0 negative

0%

Scotiabank Andrew Weisel 65% 1-year accuracy 13 / 20 met price target	3%downside $30	Sector Perform Maintained	29 Oct 2024
Wells Fargo Sarah Akers 93% 1-year accuracy 13 / 14 met price target	4%upside $32	Equal-Weight Maintained	16 Oct 2024
Morgan Stanley David Arcaro 61% 1-year accuracy 22 / 36 met price target	4%upside $32	Equal-Weight Maintained	25 Sept 2024
B of A Securities Ross Fowler 75% 1-year accuracy 12 / 16 met price target	6%downside $29	Neutral Reinstated	12 Sept 2024
BMO Capital James Thalacker 74% 1-year accuracy 55 / 74 met price target	9%downside $28	Market Perform Maintained	26 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 19 articles about CNP published over the past 30 days

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.

CenterPoint Energy Completes All 42 of Its Initial Post-Beryl Commitments to Improve Resiliency and Strengthen Emergency Operations

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.

CenterPoint Energy Outlines Plan to Minimize May 2024 Derecho Storm Bill Impact for Electric Customers

CenterPoint Energy Plans to Work Toward Resolution of its 2024 Rate Case

Company has completed Phase One of the Greater Houston Resiliency Initiative; continues to make progress on Phase Two of the Greater Houston Resiliency Initiative to be better prepared for 2025 hurricane season; and will file its multi-year system resiliency plan by January 2025 Company has continued to communicate with intervening parties and plans to resume settlement talks immediately HOUSTON , Nov. 8, 2024 /PRNewswire/ -- CenterPoint Energy (CenterPoint) today announced its plans to proceed with settlement talks for its 2024 CenterPoint Energy Houston Electric (CEHE) rate case that the company had previously requested to withdraw on August 1, 2024. The CEHE 2024 rate case was first filed with Public Utility Commission of Texas (PUCT) and municipal regulatory authorities on March 6, 2024.

CenterPoint Energy Plans to Work Toward Resolution of its 2024 Rate Case

Hurricane Rafael Projected to Weaken and Remain in the Southern Gulf of Mexico over the Weekend and Could Bring Isolated Rain and Wind to Texas and Louisiana; CenterPoint Energy Will Continue to Monitor throughout the Weekend

Teams will remain on standby and ready to respond to any changes with enhanced staffing plans if needed Most CenterPoint teams will return to normal business operations status HOUSTON , Nov. 8, 2024 /PRNewswire/ -- Based on Friday weather forecasts from the National Hurricane Center and third parties, it is expected that Hurricane Rafael's projected path will weaken and remain in the southern Gulf of Mexico over the weekend. According to current projections, there could be isolated rain and wind across parts of Texas and Louisiana.

Hurricane Rafael Projected to Weaken and Remain in the Southern Gulf of Mexico over the Weekend and Could Bring Isolated Rain and Wind to Texas and Louisiana; CenterPoint Energy Will Continue to Monitor throughout the Weekend

As Hurricane Rafael Crosses the South-Central Gulf of Mexico, CenterPoint Energy Continues to Monitor and Remains Ready to Respond

Teams remain ready to respond with enhanced staffing plans and conducting pre-landfall emergency preparedness protocols Customer natural gas disconnections have been suspended in Texas, Louisiana, and Mississippi to focus resources on preparation efforts HOUSTON , Nov. 7, 2024 /PRNewswire/ -- Following Rafael's rapid intensification into a Category 3 hurricane before striking Cuba on Wednesday, CenterPoint Energy continues to diligently monitor weather forecasts and remains ready to execute its emergency preparedness plans and potential restoration efforts following any landfall impacts in Louisiana, Mississippi, and Texas. The company is continuing to conduct pre-landfall emergency preparedness protocols and stands ready to deploy enhanced staffing plans across its Gulf Coast service area to help restore service related to any potential outages.

As Hurricane Rafael Crosses the South-Central Gulf of Mexico, CenterPoint Energy Continues to Monitor and Remains Ready to Respond

As Rafael Intensifies into Category 3 Hurricane, CenterPoint Energy Remains Vigilant and Prepared for Impacts Across Multi-State, Gulf Coast Service Area

Company continuing to urge electric and natural gas customers in Texas, Louisiana and Mississippi to take proactive safety measures Teams are instituting enhanced staffing plans and conducting pre-landfall emergency preparedness protocols ahead of the weather Customer natural gas disconnections have been suspended in Texas, Louisiana, and Mississippi to focus resources on preparation efforts HOUSTON , Nov. 6, 2024 /PRNewswire/ -- CenterPoint Energy continues to closely monitor forecasts and prepare for potential impacts from Hurricane Rafael, which has intensified into a Category 3 storm with maximum sustained winds of 115 mph. The company continues to mobilize resources, conduct pre-landfall emergency preparedness protocols and implement enhanced staffing plans to support potential landfall impacts in Louisiana, Mississippi, and Texas.

As Rafael Intensifies into Category 3 Hurricane, CenterPoint Energy Remains Vigilant and Prepared for Impacts Across Multi-State, Gulf Coast Service Area

CenterPoint Energy Continuing to Plan and Prepare for Impacts from Tropical Storm Rafael Across its Multi-State Gulf Coast Service Area

CenterPoint continuing to monitor the latest weather updates and forecasts to be ready to respond to the potential effects of Tropical Storm Rafael Company continuing to communicate to electric and natural gas customers in Texas, Louisiana and Mississippi and coordinate with emergency partners More than 2.25 million natural gas customers in Texas, Louisiana and Mississippi have been urged to take proactive safety measures HOUSTON , Nov. 5, 2024 /PRNewswire/ -- With Tropical Storm Rafael continuing to organize today and grow stronger, CenterPoint Energy is diligently monitoring the weather and preparing for potential responses to impacts, which may occur in Louisiana, Mississippi and Texas. The company has been coordinating closely with emergency and agency partners, sharing safety information with customers and mobilizing resources across its service area in preparation for impacts and outages across its multi-state Gulf Coast service area.

CenterPoint Energy Continuing to Plan and Prepare for Impacts from Tropical Storm Rafael Across its Multi-State Gulf Coast Service Area

CenterPoint Energy monitoring the Caribbean and Gulf of Mexico as Tropical Storm Rafael gains strength; 2024 hurricane season remains active

Company continues to take additional and enhanced actions to harden the grid as part of the Greater Houston Resiliency Initiative CenterPoint encourages customers to remain vigilant and have a plan for extreme weather HOUSTON , Nov. 4, 2024 /PRNewswire/ -- While fall is in full swing in many parts of the United States, CenterPoint Energy has been monitoring tropical developments over the weekend and is activating its emergency response plans. It is also making early preparations for any potential tropical storm or hurricane threats for this coming weekend.

CenterPoint Energy monitoring the Caribbean and Gulf of Mexico as Tropical Storm Rafael gains strength; 2024 hurricane season remains active

CenterPoint Energy, Inc. (CNP) Q3 2024 Earnings Call Transcript

CenterPoint Energy, Inc. (NYSE:CNP ) Q3 2024 Earnings Conference Call October 28, 2024 8:00 AM ET Company Participants Jackie Richert - SVP, Corporate Planning, IR and Treasurer Jason Wells - CEO Chris Foster - CFO Conference Call Participants Shar Pourreza - Guggenheim Steve Fleishman - Wolfe Research Durgesh Chopra - Evercore Jeremy Tonet - JPMorgan Securities David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Jefferies Operator Good morning, and welcome to CenterPoint Energy Third Quarter 2024 Earnings Conference Call with Senior Management. [Operator Instructions] I will now turn the call over to Jackie Richert, Senior Vice President of Corporate Planning, Investor Relations and Treasurer.

CenterPoint Energy, Inc. (CNP) Q3 2024 Earnings Call Transcript

Zacks Investment Research

CenterPoint (CNP) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for CenterPoint (CNP) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CenterPoint (CNP) Reports Q3 Earnings: What Key Metrics Have to Say

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