AllAnalyst Report
logoMorningstarApril 29, 2021

CenterPoint Energy, Inc.: CenterPoint Announces Sale of Gas LDCs in Arkansas and Oklahoma at Attractive Price

Symbols
CNP
Sector(s)
Utilities
Rating
Current Price
$27.18
Fair Value
Economic Moat
Stewardship
Summary

CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides 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 in eight states serving approximately 4.5 million customers. CenterPoint owns approximately 54% of Enable Midstream Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region. Enable has announced plans to merge with Energy Transfer LP. We expect this will lead to CenterPoint divesting its midstream investment, becoming a fully regulated utility.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level

Analyst Profile

Charles Fishman

Equity Analyst
Charles Fishman, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers utilities.Before joining Morningstar in 2012, Fishman spent 12 years as an analyst covering utilities and alternative energy stocks for A.G. Edwards, Piper Jaffray, and Pritchard Capital. Before becoming an analyst, Fishman was the president of the subsidiaries of two NYSE-listed companies that were early entrants to the independent power industry. Both companies underwent initial public offerings during his 13 years as a senior manager.Fishman holds a bachelor’s degree in engineering from Purdue University, a master's degree in engineering from the University of California at Berkeley, and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.