25.01 +0.09 (0.37%)
After hours: 4:20PM EDT
|Bid||24.72 x 200|
|Ask||25.45 x 1400|
|Day's Range||24.81 - 25.46|
|52 Week Range||24.81 - 30.45|
|PE Ratio (TTM)||6.03|
|Earnings Date||May 4, 2018|
|Forward Dividend & Yield||1.11 (4.07%)|
|1y Target Est||28.36|
One Gas, New Jersey Resources, Allete and Black Hills all have been named as potential takeover targets.
Moody's Investors Service, ("Moody's") affirmed all the ratings of CenterPoint Energy Inc. (CenterPoint), including its Baa1 senior unsecured rating and Prime-2 short-term rating for commercial paper, and changed the rating outlook to negative from stable.
NEW YORK, April 24, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Vectren Corporation ("VVC" or the "Company") (VVC) in connection with the proposed acquisition of the Company by CenterPoint Energy, Inc. ("CNP") (CNP). Under the terms of the acquisition agreement, the Company's shareholders will receive $72.00 in cash for each VVC share they own.
Treasury yields surged last week on better-than-expected economic data. The ten-year Treasury yield touched 3.0%, which was its highest level since January 2014. The strength in the yields can be seen as negative for stocks, particularly utilities. Utility stocks and Treasury yields generally trade inversely to each other.
CenterPoint Energy is buying Vectren in a $6 billion deal that will create a combined energy company with more than 7 million customers across the U.S.
NEW ORLEANS , April 23, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed ...
CenterPoint already serves customers in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. Shares of CenterPoint, which is funding the deal using debt and equity, closed 2.8 percent lower at $25.94. Vectren was up 7.3 percent at $70.31, below CenterPoint's offer price of $72 a share.
U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion, the latest in a string of mergers in the sector as power consumption in many parts of the country flattens. CenterPoint already serves customers in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. Shares of CenterPoint, which is funding the deal using debt and equity, closed 2.8 percent lower at $25.94.
CenterPoint Energy Inc. is paying just under $6 billion for rival Vectren in a move that will expand the utility operator's reach. The combined company will serve more than 7 million gas and electricity customers in eight states and will hold about $29 billion in assets. CenterPoint will pay $72 per share cash for Vectren and assume the company's debt.
The combined company is expected to have assets totaling $29 billion and an enterprise value of $27 billion.
US natural gas and electric utility CenterPoint Energy agreed to purchase Vectren for more than $8bn on Monday. The cash deal, which was approved by the boards of both US utilities, valued Vectren at $72 ...
Electricity and natural gas distributor CenterPoint Energy Inc. will acquire Vectren Corp. for $72 a share in cash, the companies said in a statement Monday. The price per share is 9.8% higher than Vectren's ...
Advances strategy to become a leading U.S. energy delivery, infrastructure and services company - Vectren shareholders to receive $72.00 in cash for each share of Vectren common stock - Complementary businesses ...
The acquisition would expand CenterPoint's reach beyond the states of Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas to Vectren's core markets of Indiana and Ohio, diversifying its customer base and giving it more scale. The exact price the companies were negotiating could not be learned, but the deal is expected to be at a premium to Vectren's market capitalization of $5.4 billion, the sources said.
Dividend-paying companies such as Schweitzer-Mauduit International and CenterPoint Energy can diversify your portfolio cash flow by paying constant and large dividends. These stocks are a safe bet to increase yourRead More...
Southern Company (SO) has grown its dividend for 16 consecutive years and should once again boost its payout sometime in this week.
Companhia Paranaense de Energia - COPEL (ELP) reports impressive results for fourth-quarter 2017. It recovers from the net loss incurred in the year-ago quarter on the back of solid revenues.
The 60-mile line is the southern part of the Houston Import Project, which will import more energy to meet growing demand in the Houston region.
This trio of of high-yield utilities should provide income investors a rock-solid stream of dividends for years to come.