CenterPoint Energy Inc

Utilities
$28.29
+1.06(3.89%) 1D
1D
1W
1M
1Y
3Y
5Y

Performance

Open PricePrev. CloseVolumeAvg. Volume
$27.45$28.294624,162,608

Fundamentals

Market Cap$17.86B
P/B Ratio1.8
P/E Ratio20.6
Enterprise Value$37.00B
Div. Yield2.83%
Book Value15.19
EPS(TTM)0.41
ROENA
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About the Company

Established in 1882, CenterPoint Energy Inc. is a natural gas utility and electricity provider in America. It is headquartered in Houston, Texas and offers its services to around 20 states in the USA including Louisiana, Arkansas, Oklahoma, Texas, Minnesota etc. It has approximately 14,260 employees serving over 7 million metered customers. It provides services of five different types under competitive energy businesses, natural gas, CenterPoint energy and Homeserve, electric transmission & distribution & power generation and CenterPoint energy home service plus. The origin of CenterPoint dates back to 1866 when Houston Gas Light Company was asked to supply oyster shells and coal gas to southeast Texas’ coastal village. Four years after that Minneapolis Gas Light Co. was granted a franchise by the state authorities to supply gas services, and in 1882 after filing a charter, Houston Electric Light & Power was granted a franchise by Houston City Council. During 1990, these three companies united and formed NorAm Energy Corporation. In 1997 this newly formed company merged with Houston Industries Inc. and became one of the largest integrated energy companies in the United States. Two years after that it changed its name to Reliant Energy Inc. and slowly began to restructure the electric market in Texas. It was in 2002 that the company adopted its present name - CenterPoint Energy. With the aim to form a leading energy delivery, infrastructure and services company, it merged with Vectren Corporation on 23rd April 2018. As of 2019, Vectren Energy is one of CenterPoint Energy’s subsidiaries. It is one of the Fortune 500 companies and has maintained this title for more than 24 years. It is also an S&P 500 indexed company that trades in the New York Stock exchange under CNP as its ticker symbol. The company has also won several recognitions and awards over the years such as Inaugural Corporate Philanthropy Award by Houston Business Journal in 2017, UNCF Champion Award by Janette Hammond in 2016, Our Mississippi Magazine’s Champion of Diversity Award in both 2019 and 2020, Corporate MBE Spend Award by Mid States MSDC in 2019, etc.;
OrganisationCenterPoint Energy Inc
IndustryUtilities—Regulated Gas
HeadQuartersHouston, TX

Company Financials

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