The following summary encapsulates major news and events related to CenterPoint Energy, Inc. (CNP). LPL Financial LLC increased their holdings of CNP shares, while Legal & General Group Plc and Massachusetts Financial Services Co. MA trimmed their positions. CenterPoint completed the sale of its Louisiana and Mississippi natural gas distribution businesses to Bernhard Capital Partners and had strategic $1B+ asset sales. The company's major grid upgrade, the $1B Houston Storm Shield, is 70% complete. Multiple firms, including Jefferies, initiated coverage of CenterPoint Energy with a Buy recommendation.
Despite facing a fire weather crisis and a major cold snap, CenterPoint Energy managed to keep Houston customers powered with a strong emergency response. For future threats, the company announced a multi-year Systemwide Resiliency Plan and continued investment in safety and reliability of its natural gas system. CenterPoint Energy also shared that it's planning to lower costs for Houston Electric customers and provide increased reliability for Texas. Furthermore, they declared a regular common stock dividend of $0.2200.
CenterPoint Energy partnered with AI companies like Osmose and Neara to enhance its power grid and cut grid costs. ERCOT Board approved CenterPoint Energy's emergency generation proposal designed to lower bills for Houston-area customers and help avoid regional energy shortfall. Lastly, the company reported a Q4 earnings growth and is expected to match Q4 earnings estimates, reinforcing it as a strong momentum stock.
Centerpoint Energy CNP News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 12 Apr 2025 21:10:58 GMT - Rating 6 - Innovation 7 - Information 7 - Rumor 8
