Last $23.93 USD
Change Today +0.3899 / 1.66%
Volume 1.6M
CNP On Other Exchanges
Symbol
Exchange
New York
As of 11:58 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

centerpoint energy inc (CNP) Snapshot

Open
$23.63
Previous Close
$23.54
Day High
$23.97
Day Low
$23.53
52 Week High
06/30/14 - $25.75
52 Week Low
10/15/14 - $21.07
Market Cap
10.3B
Average Volume 10 Days
6.8M
EPS TTM
$1.21
Shares Outstanding
429.8M
EX-Date
08/13/14
P/E TM
19.9x
Dividend
$0.95
Dividend Yield
3.84%
Current Stock Chart for CENTERPOINT ENERGY INC (CNP)

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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
Group President of Corporate & Energy Service...
Total Annual Compensation: $509.5K
Compensation as of Fiscal Year 2013.

centerpoint energy inc (CNP) Key Developments

Berkshire Hathaway Reportedly Among Others To Bid For Oncor

Berkshire Hathaway Inc. (NYSE:BRK.A) is among the companies exploring bids to purchase Oncor Electric Delivery Company LLC, reported Bloomberg. Berkshire Hathaway joins CenterPoint Energy, Inc. (NYSE:CNP), NextEra Energy, Inc. (NYSE:NEE) and Hunt Consolidated, Inc. as the companies that have signed confidentiality agreements to bid on Oncor while its parent, Energy Future Holdings Corp., is in bankruptcy reorganization, according to Bloomberg, which cited anonymous sources close to the matter.

Iberdrola Rumoured To Acquire Oncor Electric Delivery

Iberdrola SA (CATS:IBE), CenterPoint Energy, Inc. (NYSE:CNP) and Hunt Consolidated, Inc. reportedly in race to acquire majority stake in Oncor Electric Delivery Company LLC from Energy Future Holdings Corp., according to Reuters.

CenterPoint Energy, Inc., CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Announce Amendment to Credit Agreement

On September 9, 2014, (a) CenterPoint Energy, Inc., JPMorgan Chase Bank, N.A., as administrative agent, and the banks party thereto entered into a Third Amendment to Credit Agreement (the CenterPoint Amendment), amending CenterPoint's Credit Agreement dated as of September 9, 2011, (b) CenterPoint's indirect, wholly-owned subsidiary, CenterPoint Energy Houston Electric, LLC (CEHE), JPMorgan Chase Bank, N.A., as administrative agent, and the banks party thereto entered into a Second Amendment to Credit Agreement, amending CEHE's Credit Agreement dated as of September 9, 2011 and (c) CenterPoint's indirect, wholly-owned subsidiary, CenterPoint Energy Resources Corp. (CERC), Citibank, N.A., as administrative agent, and the banks party thereto entered into a Third Amendment to Credit Agreement (the CERC Amendment and together with the CenterPoint Amendment and the CEHE Amendment, the Amendments), amending CERC's Credit Agreement dated as of September 9, 2011. The Amendments, among other things, extend the maturity date of the commitments under the Credit Agreements from September 9, 2018 to September 9, 2019. The Amendments also reduce the swingline and letter of credit sub-facilities under each Credit Agreement, with the total commitments under each Credit Agreement remaining unchanged.

 

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Industry Analysis

CNP

Industry Average

Valuation CNP Industry Range
Price/Earnings 18.0x
Price/Sales 1.1x
Price/Book 2.3x
Price/Cash Flow 6.6x
TEV/Sales 0.0x
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