Last $24.59 USD
Change Today -0.035 / -0.14%
Volume 3.2M
CNP On Other Exchanges
Symbol
Exchange
New York
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As of 3:55 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

centerpoint energy inc (CNP) Snapshot

Open
$24.64
Previous Close
$24.62
Day High
$24.78
Day Low
$24.43
52 Week High
08/1/13 - $25.65
52 Week Low
06/21/13 - $22.22
Market Cap
10.5B
Average Volume 10 Days
4.7M
EPS TTM
$1.19
Shares Outstanding
428.9M
EX-Date
02/12/14
P/E TM
20.5x
Dividend
$0.95
Dividend Yield
3.50%
Current Stock Chart for CENTERPOINT ENERGY INC (CNP)

centerpoint energy inc (CNP) Related Businessweek News

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centerpoint energy inc (CNP) Details

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company’s Electric Transmission & Distribution segment is engaged in the transmission and distribution of electricity to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2013, this segment owned 28,113 pole miles of overhead distribution lines and 3,703 circuit miles of overhead transmission lines; 21,763 circuit miles of underground distribution lines and 24 circuit miles of underground transmission lines; and 234 substations with a capacity of 54,931 megavolt amperes. CenterPoint Energy, Inc.’s Natural Gas Distribution segment sells regulated intrastate natural gas; provides natural gas transportation services for residential, commercial, and industrial customers; and offers unregulated services consisting of residential appliance repair and maintenance services, as well as sells heating, ventilating and air conditioning equipment. This segment owned approximately 73,000 linear miles of natural gas distribution mains. The company’s Energy Services segment offers physical natural gas supplies primarily to commercial and industrial customers, and electric and gas utilities; natural gas management services; and physical delivery services and financial products. It owns and operates approximately 235 miles of intrastate pipelines. CenterPoint Energy, Inc.’s Midstream Investments segment provides gathering, processing, treating, compression, dehydration, and natural gas liquids fractionation for natural gas producers; and pipeline takeaway services for natural gas producers from supply basins to market hubs, as well as natural gas supply for industrial end users and utilities. This segment had approximately 11,000 miles of gathering pipelines, 7,900 miles of interstate pipelines, and approximately 2,300 miles of intrastate pipelines. The company was founded in 1882 and is headquartered in Houston, Texas.

8,591 Employees
Last Reported Date: 02/26/14
Founded in 1882

centerpoint energy inc (CNP) Top Compensated Officers

Executive Chairman
Total Annual Compensation: $262.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $567.3K
Executive Vice President and Group President ...
Total Annual Compensation: $509.5K
Executive Vice President and Corporate Secret...
Total Annual Compensation: $527.5K
Executive Officer and Special Advisor to the ...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

centerpoint energy inc (CNP) Key Developments

CenterPoint Energy Announces Board Appointments

CenterPoint Energy announced that Dana O'Brien has been named senior vice president and general counsel effective May 12. Susan B. Ortenstone joined CenterPoint Energy on Feb. 17 as senior vice president and chief human resources officer. Most recently, O'Brien served as chief legal officer, chief compliance officer and was a member of the executive board of CEVA Logistics. She has previously been the General Counsel at EGL, Inc. and Quanta Services, Inc. Prior to joining CenterPoint Energy, Ortenstone was senior vice president and chief administrative officer at Copano Energy, responsible for Human Resources, Information Technology, Administrative Services and Commercial Risk Management. Scott E. Rozzell, executive vice president and former General Counsel, and Thomas R. Standish, executive vice president and former operations lead, will be advisors to the executive committee and will remain with the company until they retire later in 2014.

CenterPoint Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

CenterPoint Energy, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income of $113 million or $0.26 per diluted share compared to $134 million or $0.31 per diluted share the previous year. Operating income was $211 million against $310 million a year ago. Income before income taxes was $175 million against $210 million a year ago. Capital expenditures were $365 million against $380 million a year ago. For the full year, the company reported net income was $311 million or $0.72 per diluted share against $417 million or $0.97 per diluted share a year ago. Operating income was $1,010 million against $1,038 million a year ago. Income before income taxes was $781 million against $757 million a year ago. Net cash provided by operating activities was $1,613 million against $1,860 million a year ago. Capital expenditures were $1,272 million against $1,188 million a year ago.

CenterPoint Seeks Acquisitions

CenterPoint Energy, Inc. (NYSE:CNP) is looking for acquisition opportunities. Scott Prochazka, President and Chief Executive Officer of CenterPoint said, “I think the story you will hear will be consistent with what you've heard in the past, and that is we are interested in opportunities to make an acquisition if the opportunity presents itself. Now, we know it’s tough in this space to do this, but we also know that we're going to be very discerning in terms of doing the analytics and making sure that what we would pursue is strategically aligned. And it would be done at a value that would be accretive to our shareholders. So, we remain interested in it, but it's difficult to do in this space.”

 

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Industry Analysis

CNP

Industry Average

Valuation CNP Industry Range
Price/Earnings 34.1x
Price/Sales 1.3x
Price/Book 2.4x
Price/Cash Flow 8.3x
TEV/Sales 0.2x
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