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Corporation
ELECTRONICS | Electrical Product Distribution / Power Generation & Storage
centerpointenergy.com

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Founded Year

2002

Stage

PIPE | IPO

Market Cap

14.69B

Stock Price

26.76

About CenterPoint Energy

CenterPoint Energy (NYSE: CNP) is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates, and develops natural gas and crude oil infrastructure assets.

CenterPoint Energy Headquarter Location

1111 Louisiana Street

Houston, Texas, 77002,

United States

713-659-2111

Latest CenterPoint Energy News

CenterPoint Energy (CNP) Rewards Shareholders With Dividend Hike

Oct 1, 2021

CenterPoint Energy, Inc. (CNP) announces a 6.3% hike in its quarterly dividend effective from Decemeber 2021. CenterPoint Energy (CNP) Rewards ShareholdersWith Dividend Hike Teaser- CenterPoint Energy, Inc. (CNP) announces a 6.3% hike in its quarterly dividend effective from Decemeber 2021. CenterPoint Energy, Inc. (CNP) recently announced that its board of directors has approved a hike in its quarterly dividend to 17 cents per share, reflecting an increase of 6.3% from the prior payout. With the current hike, the company will now pay an annual dividend of 68 cents per share, effective from December 2021. This represents an annual dividend yield of 2.76% based on its share price worth as of Sep 30. This compares favorably withthe Zacks S&P 500 composite’s yield of 1.42%. The hike in dividend payout highlights company’s financial strength and its expection of generating enough earnings and distributable cash flow to reward shareholders’ with increased payouts. This is evident from its recent projections for the business. CenterPoint is projecting a utility EPS growth rate of 8% for 2021 and five-year annual growth for the same is projected in the range of 6%to8%.At this growth rate, the company expects to double its earnings and will be able share profits with shareholders asdividends. The company has increased its planned investment in growth projects from $16 billion to $18 billion over the period of 2021-2025. It expects to generate a CAGR of 10% from its planned investment. An additonal $40 billion capital investment was announced by the company for a 10-year period. Going forward, the company aims to control cost and reinvest the excess money generated through its efforts in growth projects. All these initiatives will result in a steady performance and enable management to continue with dividend declaration. Utilities are less susceptible to economic fluctuations, which shielded these companies from the COVID-19 induced market turmoil.Thus,these companies have sufficient  cash flows to reward shareholders’ with dividend hikes and shares buybacks.Supported by consistency in cash flows, other utilities have also been rewarding shareholders with solid dividend hikes. Recently, Public Service Enterprise Group Incorporated (PEG) announced that its board of directors has approved a hike in its common stock dividend for 2022 by 12 cents per share to 54 cents per share. OGE Energy Corp.(OGE) announced that its board of directors has approved a hike in its quarterly dividend to 41 cents per share, reflecting an increase of 1.9% from the prior payout. Likewise In February 2021, NextEra Energy (NEE) announced a 10% hike in its quarterly dividend, reflecting the revised dividend worth38 cents per share. In the past one year, shares of the company have gained 26.8% compared with the industry’s growth of 4.3%. CenterPoint  carries a Zacks Rank of #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. CenterPoint Energy, Inc. CNP recently announced that its board of directors has approved a hike in its quarterly dividend to 17 cents per share, reflecting an increase of 6.3% from the prior payout. With the current hike, the company will now pay an annual dividend of 68 cents per share, effective from December 2021. This represents an annual dividend yield of 2.76% based on its share price worth as of Sep 30. This compares favorably withthe Zacks S&P 500 composite’s yield of 1.42%. Can CenterPoint Sustain Dividend Hikes? The hike in dividend payout highlights company’s financial strength and its expection of generating enough earnings and distributable cash flow to reward shareholders’ with increased payouts. This is evident from its recent projections for the business. CenterPoint is projecting a utility EPS growth rate of 8% for 2021 and five-year annual growth for the same is projected in the range of 6%to8%.At this growth rate, the company expects to double its earnings and will be able share profits with shareholders asdividends. The company has increased its planned investment in growth projects from $16 billion to $18 billion over the period of 2021-2025. It expects to generate a CAGR of 10% from its planned investment. An additonal $40 billion capital investment was announced by the company for a 10-year period. Going forward, the company aims to control cost and reinvest the excess money generated through its efforts in growth projects. All these initiatives will result in a steady performance and enable management to continue with dividend declaration. Other Utilities Increasing Dividends Utilities are less susceptible to economic fluctuations, which shielded these companies from the COVID-19 induced market turmoil.Thus,these companies have sufficient  cash flows to reward shareholders’ with dividend hikes and shares buybacks.Supported by consistency in cash flows, other utilities have also been rewarding shareholders with solid dividend hikes. Recently, Public Service Enterprise Group Incorporated PEG announced that its board of directors has approved a hike in its common stock dividend for 2022 by 12 cents per share to 54 cents per share. OGE Energy Corp. OGE announced that its board of directors has approved a hike in its quarterly dividend to 41 cents per share, reflecting an increase of 1.9% from the prior payout. Likewise In February 2021, NextEra Energy NEE  announced a 10% hike in its quarterly dividend, reflecting the revised dividend worth38 cents per share. Price Movement In the past one year, shares of the company have gained 26.8% compared with the industry ’s growth of 4.3%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Sep 24, 2021
News in brief

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CenterPoint Energy Patents

CenterPoint Energy has filed 7 patents.

The 3 most popular patent topics include:

  • Electric power distribution
  • Electrical engineering
  • Electromagnetic radiation
patents chart

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8/29/2018

12/1/2020

Electrical engineering, Electric power distribution, Electrical safety, Electromagnetic radiation, Electromagnetism

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Related Topics

Electrical engineering, Electric power distribution, Electrical safety, Electromagnetic radiation, Electromagnetism

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