18.05 0.00 (0.00%)
After hours: 4:58PM EDT
Commodity Channel Index
|Bid||17.99 x 3200|
|Ask||18.00 x 1800|
|Day's Range||17.83 - 18.38|
|52 Week Range||11.58 - 30.71|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||14.31|
|Earnings Date||Aug 05, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.60 (3.25%)|
|Ex-Dividend Date||May 20, 2020|
|1y Target Est||19.70|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
CNP vs. NGG: Which Stock Is the Better Value Option?
Moody's Investors Service ("Moody's") upgraded the senior unsecured rating of CenterPoint Energy Resources Corp. (CERC) to A3 from Baa1 and affirmed its Prime-2 short-term rating for commercial paper. "The upgrade reflects the reduction in CERC's business risk effected through the completed sale of its energy marketing business and an expected cash flow-to-debt ratio of around 20%," said Robert Petrosino, Moody's Vice President -- Senior Analyst.
CenterPoint Energy, Inc. (NYSE: CNP) and Energy Capital Partners, LLC, (ECP), a private equity and credit investor specializing in energy infrastructure projects, today announced that they have closed on the sale of CenterPoint Energy Services, Inc. (CES) to an affiliate of ECP. Net proceeds of the sale will be used to repay a portion of outstanding CenterPoint Energy debt.
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...
Investors who take an interest in CenterPoint Energy, Inc. (NYSE:CNP) should definitely note that the Director, David...
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Centerpoint Energy (NYSE:CNP) Inc on Friday, setting a price target of $19, which is approximately 12.43% above the present share price of $16.9.
It was far from a boring earnings day for this utility, which posted ugly results but is seemingly setting itself up for better days ahead.
The investment in the Houston-based utility operator is made up of $725 million of mandatory convertible preferred shares, financed by Elliott and Bluescape Energy Partners, with an additional $675 million in common shares bought by Fidelity and other long-term investors. The financing will allow CenterPoint Energy to pay back debt and strengthen its credit profile as well as eliminate the need to raise new equity by 2022, the company and the firms said in a statement. CenterPoint's stock jumped more than 12% on the news by midday, giving it a market value of $9 billion.
CenterPoint Energy's (CNP) Q1 bottom line (on a GAAP basis) declines year over year due to after-tax non-cash impairment charges and losses on assets held for sale.
CenterPoint (CNP) delivered earnings and revenue surprises of 11.11% and -7.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
CenterPoint Energy, Inc. (NYSE: CNP) today reported a loss available to common shareholders of $1,228 million, or loss of $2.44 per diluted share, for the first quarter of 2020, compared to income available to common shareholders of $140 million, or $0.28 per diluted share, for the first quarter of 2019. The company recognized $1,568 million of after-tax non-cash impairment charges and losses on assets held for sale in the first quarter of 2020, which are discussed in detail below.
CenterPoint Energy, Inc. (NYSE: CNP) today announced a comprehensive approach to further strengthen and fortify its financial position, enhance shareholder value and advance the interests of all stakeholders. Today's announcement has three key elements: a $1.4 billion equity investment; the appointment of two new highly credentialed and qualified directors to the Board; and the creation of a new Business Review and Evaluation Committee of the Board.
Moody's Investors Service, ("Moody's") assigned a B3 rating to PowerTeam Services, LLC's ("PowerTeam") proposed $575 million senior secured notes. At the same time, Moody's affirmed PowerTeam's B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating, B3 senior secured first-lien revolver and term loan ratings and the Caa2 rating on its senior secured second-lien term.
CenterPoint Energy's (CNP) service territories experienced above-normal winter temperatures throughout the first quarter of 2020, which is likely to have marred its quarterly revenues.
CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2020 annual meeting held today. Shareholders approved the following proposals:
CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its common stock and Series B Mandatory Convertible Preferred Stock.
CenterPoint Energy (NYSE:CNP) shareholders are no doubt pleased to see that the share price has bounced 36% in the...
CenterPoint Energy, Inc. (NYSE: CNP) today announced the close of its previously announced sale of Miller Pipeline and Minnesota Limited to PowerTeam Services, LLC for $850 million in cash, subject to customary purchase price adjustments. The net proceeds of the sale will be used to repay a portion of outstanding CenterPoint Energy debt.
Moody's Investors Service, ("Moody's") today affirmed the ratings of CenterPoint Energy, Inc. (CenterPoint), including its Baa2 senior unsecured rating and Prime-2 short-term rating for commercial paper, and changed the rating outlook to negative from stable. "CenterPoint's loss of $155 million of cash flow from its Enable Midstream investment results in less cash flow serving the same debt load" said Robert Petrosino, Vice President -- Senior Analyst.