Company Overview
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market. The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and repair services to customers in Minnesota; and home repair protection plans to natural gas customers in Arkansas, Indiana, Mississippi, Ohio, Oklahoma, and Texas and Louisiana through a third party. This segment also engages in the sale of regulated intrastate natural gas, and transportation and storage of natural gas for residential, commercial, industrial, and transportation customers. As of December 31, 2021, it served approximately 2.7 million metered customers; owned 239 substation sites with a total installed rated transformer capacity of 71,241 megavolt amperes; operated approximately 1,00,000 linear miles of natural gas distribution and transmission mains; and owned and operated 285 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.
Company Information
- CEO
- Jason P. Wells CPA
- Sector
- Utilities
- Industry
- General Utilities
- Employees
- 8872
Contact Information
- Address
- 1111 Louisiana Street
- Country
- US
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Utilities leader with 25.35B market capitalization
- Trading Volume: 504.20K shares traded today
- Price Range: 52-week range of $25.41 - $39.39
- Exchange: Listed on New York Stock Exchange
Financial Metrics
Market Analysis for CenterPoint Energy, Inc.
CenterPoint Energy, Inc. (CNP) operates in the General Utilities industry within the Utilities sector. With a current market capitalization of 25.35B, the company represents a significant player in its market. The stock is currently trading at $38.83 with a negativedaily change of 0.12%.
The company's 8872 employee base and presence on the New York Stock Exchangeexchange position it as a Utilities sector leader. Investors should consider the stock's P/E ratio of 27.15, beta of 0.57, and 52-week price range from $25.41 to $39.39when evaluating investment opportunities.
Why Invest in CenterPoint Energy, Inc.?
Strengths
- • Established market presence in Utilities
- • Strong financial metrics and market position
- • Listed on major exchange (New York Stock Exchange)
- • Experienced leadership under Jason P. Wells CPA
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
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About Utilities Sector
The Utilities sector includes companies that provide essential services like electricity, gas, water, and waste management to consumers and businesses.