CenterPoint Energy, Inc. (CNP)
CenterPoint Energy, Inc. operates in the Regulated Electric industry of the Utilities sector, headquartered in Houston, TX, US. The stock last traded at $40.53, up 0.87% on the session, giving a market capitalisation of $26.70B. On trailing twelve-month figures it carries a trailing P/E of 23.84, a net margin of 11.6%. Its beta of 0.46 implies it has historically moved less than the broad market.
CenterPoint Energy, Inc. operates as a public utility holding enterprise across the United States, primarily through its Electric and Natural Gas divisions. The Electric segment manages power generation assets, alongside the transmission and distribution networks that supply electricity to consumers, and actively participates in the wholesale power market. Its Natural Gas segment delivers natural gas distribution services, provides home appliance maintenance and repair in Minnesota, and extends home repair protection plans to natural gas customers in Arkansas, Indiana, Mississippi, Ohio, Oklahoma, Texas, and Louisiana through a third-party partner. This segment is also engaged in the sale of regulated intrastate natural gas, as well as its transportation and storage for residential, commercial, industrial, and transportation clients. As of December 31, 2021, CenterPoint Energy served approximately 2.7 million metered customers. Its substantial infrastructure included 239 substation sites with a total installed transformer capacity of 71,241 megavolt amperes, roughly 100,000 linear miles of natural gas distribution and transmission mains, and 285 miles of intrastate pipelines across Louisiana, Texas, and Oklahoma. The company was established in 1866 and is headquartered in Houston, Texas.
CenterPoint Energy, Inc. is most often compared with the following Utilities names: