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.