CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric, Natural Gas, and Midstream Investments 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 Texas and Louisiana through a third party. This segment also sells regulated intrastate natural gas, as well as natural gas transportation and storage services for residential, commercial, industrial, and transportation customers. The Midstream Investments segment provides natural gas and crude oil gathering, and natural gas processing services to its producer customers, as well as crude oil, condensate, and produced water gathering services to its producer and refiner customers; and interstate and intrastate natural gas pipeline transportation and storage services to its producer, power plant, local distribution company, and industrial end-user customers. As of December 31, 2020, it served approximately 2.6 million metered customers; owned 239 substation sites with a total installed rated transformer capacity of 69,915 megavolt amperes; operated approximately 99,000 linear miles of natural gas distribution mains, as well as 77,000 linear miles of natural gas transmission mains; and owned and operated 264 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. CenterPoint Energy, Inc. was founded in 1866 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: centerpointenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | $34.50 | Buy | Ladenburg Thalmann |
| 12/3/2024 | $31.00 → $37.00 | Neutral → Buy | UBS |
| 9/12/2024 | $29.00 | Neutral | BofA Securities |
| 8/13/2024 | $32.00 → $28.00 | Overweight → Equal Weight | Wells Fargo |
| 8/2/2024 | $31.00 → $28.00 | Outperform → Market Perform | BMO Capital Markets |
| 8/2/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/2/2024 | $32.00 → $29.00 | Overweight → Neutral | JP Morgan |
| 7/17/2024 | $30.00 → $29.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/23/2024 | $29.00 → $30.00 | Outperform → In-line | Evercore ISI |
| 10/5/2023 | $29.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
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Company continues monitoring the evolving weather situation over the MLK Jr Holiday weekend and is activating nearly 1,200 additional mutual aid workers to help execute potential restoration work ERCOT has issued a Weather Watch for January 20-23 due to extreme cold weather across its region, meaning higher electrical demand, and the potential for lower reserves CenterPoint urges customers to have a plan and make winter weather preparations to stay safe and warm In the event of ice or freezing precipitation early next week causing outages, the expanded workforce will be utilized to restore service safely and as quickly as possible HOUSTON, Jan. 17, 2025 /PRNewswire/ -- With weather models a
Houston, TX, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Date: January 16, 2025 Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time Listen via internet: http://investors.centerpointenergy.com/ Click "Investors", and click the link "CenterPoint Energy, Inc. Fourth Quarter & Full Year 2024 Earnings Conference Call" As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE:CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of De
Pre-winter readiness actions completed by the company in December; crews performing readiness checklists for electric and natural gas systems Customers urged to have a plan and make preparations for potential freezing temperatures and wintry precipitation Since August 2024, CenterPoint has conducted approximately 3,500 miles of higher risk tree trimming and vegetation across the Greater Houston area HOUSTON, Jan. 15, 2025 /PRNewswire/ -- With cold temperatures again expected to impact CenterPoint Energy's service territory in Texas over the holiday weekend and into next week, the company's Emergency Response and Preparedness and Meteorology teams are actively monitoring weather forecasts and
New options available on X for Texas, Indiana, Ohio and Minnesota Follow @CenterPoint_TX to receive the most up-to-date information on the company's operations in the Greater Houston area and across Texas for both electric and gas updates HOUSTON, Jan. 14, 2025 /PRNewswire/ -- As part of CenterPoint Energy's commitment to continuously improving locally focused, relevant customer and public communications, the company is launching state-specific accounts in Texas, Indiana, Ohio and Minnesota on the social media platform X (previously known as Twitter). Alongside the company's main enterprise account, @CenterPoint, these accounts will provide more tailored local content and share valuable info
CenterPoint has already completed its winter preparedness checklist and shared it with regulators and stakeholders and continues coordinating with emergency responders across Texas to prepare for expected winter storms this week Company urges customers to stay alert ahead of changing weather conditions and have a personal emergency plan in place HOUSTON, Jan. 8, 2025 /PRNewswire/ -- With severe winter weather conditions forecasted to impact much of West and East Texas later this week and into the weekend, Texas Governor Greg Abbott's office has activated the state's emergency response resources. CenterPoint Energy is continually monitoring the changing weather, deploying cold weather mitigat
Texas, Louisiana and Mississippi teams prepare for potential storms and severe weather this weekend and major cold snap next week Indiana and Ohio teams prepare for ice and snowstorms expected next week HOUSTON, Jan. 3, 2025 /PRNewswire/ -- CenterPoint Energy continues to actively monitor potentially severe cold weather projected to impact parts of the company's service territories in Texas, Louisiana, Mississippi, Indiana and Ohio over the coming days. CenterPoint has taken a series of proactive pre-winter preparedness actions to strengthen and winterize its electric and natural gas infrastructure across its multiple states, as well as inspect and test cold-weather critical equipment ahead
Company encourages customers to make 2025 their most energy efficient year yet HOUSTON, Dec. 31, 2024 /PRNewswire/ -- CenterPoint Energy encourages customers to keep safety and energy efficiency top of mind with this simple New Year's resolution checklist that can help save energy, improve safety and simplify life at home. From small changes to big impacts, these tips can assist in starting the year off right. Here's a checklist of resolutions to help inspire a brighter, more energy-efficient and safer 2025: Power Up Your Energy Efficiency Start your energy efficiency journey.
Proposal would send all 15 large emergency generation units to the San Antonio region for two years starting in Spring 2025 Company would make no revenue or profit off the proposal to help ERCOT and the State; Greater Houston Area customer bills would be reduced starting in Spring 2025 HOUSTON, Dec. 19, 2024 /PRNewswire/ -- Today, CenterPoint Energy (CNP) proposed a solution to help the Electric Reliability Council of Texas (ERCOT) and the State of Texas to help offset the projected electricity supply shortfall starting in summer 2025 around the greater San Antonio region. CenterPoint has put forward a proposal to support ERCOT's and State's energy replacement needs while reducing Greater Ho
Richard C. Leger appointed to lead CenterPoint Energy Gas business on a permanent basis Bertha Villatoro elevated to Chief Human Resources Officer Current CHRO Lynne Harkel-Rumford to retire HOUSTON, Dec. 16, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced several senior leadership changes which will take effect on January 1, 2025. Those changes include the appointments of Richard C. Leger as Senior Vice President of CenterPoint's multi-state Gas business and Bertha Villatoro as Senior Vice President and Chief Human Resources Officer. Leger has served in the current lead Gas role on an interim basis since July 2024. He will report to President & Chief Executive Off
In the news release, CenterPoint Energy appoints Dean Seavers as new Board member, issued 16-Dec-2024 by CenterPoint Energy, Inc over PR Newswire, the Forward-Looking Statement paragraph was incorrectly transmitted by PR Newswire. The complete, corrected release follows: CenterPoint Energy appoints Dean Seavers as new Board member HOUSTON, Dec. 16, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) today announced the appointment of Dean Seavers, former President of National Grid U.S. and Executive Director of National Grid's parent company, to its Board of Directors, effective Dec. 31, 2024. Seavers brings a background of deep electric and gas utility experience to the Board as wel
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Ladenburg Thalmann initiated coverage of CenterPoint with a rating of Buy and set a new price target of $34.50
UBS upgraded CenterPoint from Neutral to Buy and set a new price target of $37.00 from $31.00 previously
BofA Securities resumed coverage of CenterPoint with a rating of Neutral and set a new price target of $29.00
Wells Fargo downgraded CenterPoint from Overweight to Equal Weight and set a new price target of $28.00 from $32.00 previously
BMO Capital Markets downgraded CenterPoint from Outperform to Market Perform and set a new price target of $28.00 from $31.00 previously
KeyBanc Capital Markets downgraded CenterPoint from Overweight to Sector Weight
JP Morgan downgraded CenterPoint from Overweight to Neutral and set a new price target of $29.00 from $32.00 previously
Morgan Stanley downgraded CenterPoint from Overweight to Equal-Weight and set a new price target of $29.00 from $30.00 previously
Evercore ISI downgraded CenterPoint from Outperform to In-line and set a new price target of $30.00 from $29.00 previously
KeyBanc Capital Markets upgraded CenterPoint from Sector Weight to Overweight and set a new price target of $29.00
Houston, TX, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Date: January 16, 2025 Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time Listen via internet: http://investors.centerpointenergy.com/ Click "Investors", and click the link "CenterPoint Energy, Inc. Fourth Quarter & Full Year 2024 Earnings Conference Call" As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE:CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of De
HOUSTON, Dec. 13, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE:CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2200 per share on the issued and outstanding shares of Common Stock payable on March 13, 2025 to shareholders of record at the close of business on February 20, 2025. This quarterly dividend represents a $0.010 increase over the prior quarter. This dividend growth rate aligns with the high end of the company's previously announced 6-8% non-GAAP earnings per share growth target. About CenterPoint Energy, Inc.As the only investor-
Reported Q3 2024 earnings per diluted share of $0.30 on a GAAP basis and $0.31 earnings per diluted share on a non-GAAP basis ("non-GAAP EPS") Reiterated 2024 non-GAAP EPS guidance range of $1.61-$1.63 per diluted share, which represents 8% growth over full-year 2023 non-GAAP EPS at the midpoint1 Initiated 2025 non-GAAP guidance range of $1.74-$1.76 per diluted share, which at the midpoint represents 8% growth from the 2024 midpoint and further maintains non-GAAP EPS growth target through 2030 of the mid-to-high end of 6%-8% annually1 CenterPoint Energy, Inc. (NYSE:CNP) or "CenterPoint" today reported income available to common shareholders of $193 million, or $0.30 per diluted sha
Houston, TX, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Date: October 28, 2024 Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time Listen via internet: http://investors.centerpointenergy.com/ Click "Investors", and click the link "CenterPoint Energy, Inc. First Quarter 2024 Earnings Conference Call" As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE:CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2024 the company owned approxim
HOUSTON, Sept. 25, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE:CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2100 per share on the issued and outstanding shares of Common Stock payable on December 12, 2024 to shareholders of record at the close of business on November 21, 2024. This quarterly dividend represents a $0.010 increase over the prior quarter and aligns with an annual dividend of $0.81 for 2024 which represents an 8% average dividend increase over the past three years. About CenterPoint Energy, Inc. As the only investor-owne
CenterPoint Energy, Inc. (NYSE:CNP) or "CenterPoint" today reported its second quarter 2024 earnings, reaffirmed its 2024 earnings guidance, and provided an update on its response to Hurricane Beryl, including the actions the company is taking to improve its emergency preparedness and response and customer communications. "We are privileged to serve one of the most dynamic cities in the United States. We understand with that privilege comes the responsibility of supporting and communicating clearly with our customers during emergency events such as Hurricane Beryl," said CenterPoint President and CEO Jason Wells. CenterPoint's mission is building and operating the most resilient coastal
Houston, TX, June 26, 2024 (GLOBE NEWSWIRE) -- Date: July 30, 2024 Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time Listen via internet: http://investors.centerpointenergy.com/ Click "Investors", and click the link "CenterPoint Energy, Inc. Second Quarter 2024 Earnings Conference Call" As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE:CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of March 31, 2024 th
Reported Q1 2024 earnings of $0.55 per diluted share on a GAAP basis and a non-GAAP earnings per diluted share ("non-GAAP EPS") basis Announced filing of Houston Electric's first Texas System Resiliency Plan, a first of its kind, with potential opportunity of up to $500 million of incremental capital investment Reiterated 2024 non-GAAP EPS guidance range of $1.61-$1.63, which represents 8% growth over full-year 2023 non-GAAP EPS and further maintains non-GAAP EPS growth target through 2030 of the mid-to-high end of 6%-8% annually1 CenterPoint Energy, Inc. (NYSE:CNP) or "CenterPoint" today reported income available to common shareholders of $350 million, or $0.55 per diluted share
HOUSTON, April 26, 2024 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE:CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2000 per share on the issued and outstanding shares of Common Stock payable on June 13, 2024 to shareholders of record at the close of business on May 16, 2024. About CenterPoint Energy, Inc. As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE:CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations tha
Houston, TX, April 09, 2024 (GLOBE NEWSWIRE) -- Date: April 30, 2024 Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time Listen via internet: http://investors.centerpointenergy.com/ Click "Investors", and click the link "CenterPoint Energy, Inc. First Quarter 2024 Earnings Conference Call" As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE:CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and T
In the news release, CenterPoint Energy appoints Dean Seavers as new Board member, issued 16-Dec-2024 by CenterPoint Energy, Inc over PR Newswire, the Forward-Looking Statement paragraph was incorrectly transmitted by PR Newswire. The complete, corrected release follows: CenterPoint Energy appoints Dean Seavers as new Board member HOUSTON, Dec. 16, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) today announced the appointment of Dean Seavers, former President of National Grid U.S. and Executive Director of National Grid's parent company, to its Board of Directors, effective Dec. 31, 2024. Seavers brings a background of deep electric and gas utility experience to the Board as wel
HOUSTON, Dec. 16, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) today announced the appointment of Dean Seavers, former President of National Grid U.S. and Executive Director of National Grid's parent company, to its Board of Directors, effective Dec. 31, 2024. Seavers brings a background of deep electric and gas utility experience to the Board as well as currently serving as a Senior Advisor for Stifel Financial. His appointment will fill a vacancy on the Board and he is expected to stand for election as a director at the company's annual meeting of shareholders in 2025.
Additional senior leadership team hire underscores the company's commitment to improving emergency preparation, management and coordination after Hurricane Beryl HOUSTON, Oct. 28, 2024 /PRNewswire/ -- CenterPoint Energy announced today the hiring of a new senior leader with tested industry experience in emergency management to transform its Emergency Preparedness and Response strategy. This enterprise leadership position underscores CenterPoint's commitment to improving its emergency response and coordination following Hurricane Beryl, and represents completing another of the more than 40 commitments CenterPoint made as part of the Greater Houston Resiliency Initiative (GHRI) in August.
HOUSTON, Sept. 6, 2024 /PRNewswire/ -- CenterPoint Energy (NYSE:CNP) today announced the appointment of a new senior leadership team member with deep utility industry and communications experience. This strategic appointment underscores CenterPoint's commitment following Hurricane Beryl to deliver best-in-class communications to its customers and stakeholders. Keith Stephens has been named to the newly created role of Senior Vice President and Chief Communications Officer, effective immediately. Stephens joins CenterPoint from his role as Senior Vice President of Corporate Aff
HOUSTON, April 26, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) announced the results of the voting by shareholders at its 2024 annual meeting. Shareholders approved the following proposals: The election of Wendy Montoya Cloonan, Earl M. Cummings, Barbara J. Duganier, Christopher H. Franklin, Raquelle W. Lewis, Thaddeus J. Malik, Theodore F. Pound, Ricky A. Raven, Phillip R. Smith, Barry T. Smitherman, and Jason P. Wells to serve on the company's Board of Directors for one-year terms;The ratification of the appointment of Deloitte & Touche LLP as the company's inde
Jason P. Wells to Become CEO; David J. Lesar to Support Transition CenterPoint Energy, Inc. (NYSE:CNP) today announced a leadership transition that helps position the company to continue driving sustainable value for customers, communities, investors and employees. The Board has unanimously appointed Jason P. Wells, CenterPoint Energy President and Chief Operating Officer, to become President and Chief Executive Officer and a member of the Board of Directors, effective January 5, 2024. David J. Lesar will retire from his role as CEO and a member of the Board at that time. Mr. Lesar will continue to work closely with Mr. Wells to support a seamless transition. "On behalf of the Board of
HOUSTON, Oct. 3, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) today announced the appointments of Thaddeus J. Malik, Principal at S2T Solutions, LLC, and Ricky A. Raven, Senior Vice President and Deputy General Counsel at Allstate Insurance Company, to its Board of Directors, effective Sept. 28. With the appointments of Malik and Raven, CenterPoint Energy's Board is now composed of 11 directors, 10 of whom are independent. "The decision to expand our Board of Directors with the additions of Thad and Ricky reflects our ongoing commitment to anchor the Board with di
Earl M. Cummings named Independent Chair of the Board HOUSTON, Aug. 21, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) announced that the company's Board of Directors has appointed Earl M. Cummings as its Independent Board Chair. Mr. Cummings has served as an Independent Director of CenterPoint Energy's Board of Directors since 2020. During that time, he has also served as the Chair of the Governance, Environmental and Sustainability Committee, as well as a member of the Audit and Compensation Committees. Mr. Cummings succeeds Martin H. Nesbitt, who served as Indepen
HOUSTON, April 24, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) announced the results of the voting by shareholders at its 2023 annual meeting. Shareholders approved the following proposals: The election of Wendy Montoya Cloonan, Earl M. Cummings, Christopher H. Franklin, David J. Lesar, Raquelle W. Lewis, Martin H. Nesbitt, Theodore F. Pound, Phillip R. Smith, and Barry T. Smitherman to serve on the company's Board of Directors for one-year terms; The ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting
HOUSTON, March 15, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE:CNP) today announced the appointment of Christopher Foster as Executive Vice President and Chief Financial Officer, effective May 5. Foster will oversee the company's Finance organization, including Accounting, Financial Planning and Analysis, Treasury, Tax, Internal Audit, and Investor Relations. He will report to CenterPoint Energy's Chief Executive Officer Dave Lesar and serve on the company's Executive Committee. "Chris is an outstanding leader and one of the most well-respected CFOs in the utility sect