CenterPoint Energy (CNP) has been active in enhancing its infrastructure and improving its services. Morgan Stanley lowered the company's price target to $34.00 yet they maintained an equal weight rating. The company completed its major grid resiliency enhancements ahead of the 2025 hurricane season for increased protection. CenterPoint also reported completing the sale of its Louisiana and Mississippi natural gas distribution businesses to Bernhard Capital Partners. Several asset management firms, including Nuveen and Cresset, sold shares of CNP. Furthermore, Greater Houston Resiliency Initiative indicated that CenterPoint successfully finalized all critical resiliency steps ahead of the 2025 hurricane season. Notably, the company presented an advanced AI-powered hurricane protection system for 2025. Conversely, analysts remain neutral on CNP compared to other top utility stocks. The company also gave shareholders a common stock dividend of $0.22. Looking forward, the first quarter results of 2025 will be posted via a webcast. CenterPoint’s progressive approach to addressing ongoing threats solidifies its commitment to its customer base and improving service standards.
Centerpoint Energy CNP News Analytics from Tue, 08 Oct 2024 07:00:00 GMT to Sat, 24 May 2025 13:32:41 GMT -
Rating -1
- Innovation 3
- Information 7
- Rumor 2
