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CenterPoint Energy Inc - Stock Quote CNP

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Morningstar's CenterPoint Energy Inc Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

CenterPoint Continues to Find Additional Growth Opportunities

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are maintaining our $28 fair value estimate for CenterPoint Energy after the company reported first-quarter operating utility earnings per share of $0.47, flat with the year-ago period. Management reaffirmed 2022 utility EPS guidance of $1.36-$1.38, in line with our estimate. It also reaffirmed its 8% utility earnings guidance through 2024, in line with our estimate. Our stable, narrow moat rating is unchanged.

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CenterPoint Energy Inc's Company Profile

Business Description

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide 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 six states serving approximately 4 million customers. After exiting its midstream investment, CenterPoint is a fully regulated utility.

Contact
1111 Louisiana
Houston, TX, 77002
T +1 713 207-1111
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Classic Growth
Employees 15,577

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