Stock events for CenterPoint Energy, Inc. (CNP)
Over the past six months, CenterPoint Energy's stock has experienced a significant price appreciation of approximately 28.7% as of April 20, 2025, attributed to strategic investments in renewable energy projects, improved operational efficiencies, and favorable regulatory developments. Year-to-date performance as of April 20, 2025, showed a rise of about 20.24%. In February 2025, CenterPoint Energy reported solid Q4 and FY 2024 results, forecasted nearly 50% electric load growth demand at Houston Electric by 2031, increased its capital investment plan, and reiterated its 2025 full-year guidance. In May 2025, the company announced the pricing of a common stock offering with a forward component. In June 2025, CenterPoint Energy reached a settlement agreement on its landmark Systemwide Resiliency Plan (SRP) to strengthen the Houston electric system against extreme weather threats and showcased innovative tools for hurricane preparedness and response at its first Resiliency Technology Summit.
Demand Seasonality affecting CenterPoint Energy, Inc.’s stock price
CenterPoint Energy's operations are affected by seasonal fluctuations in the demand for electricity and natural gas. For natural gas, there is a Weather Normalization Adjustment (WNA) for delivery rates from November through April, indicating higher demand during colder months. For electricity, demand can increase significantly during peak usage times, such as during record-breaking heat.
Overview of CenterPoint Energy, Inc.’s business
CenterPoint Energy, Inc. is an energy utility company headquartered in Houston, Texas, operating within the Utilities sector, specifically in the Electric Utilities and Natural Gas Utilities industries. The company's core business involves electric transmission and distribution, and natural gas distribution. CenterPoint Energy also engages in natural gas sales and service, provides pipeline services, and offers other field services. Additionally, it markets regulated intrastate natural gas, provides natural gas transportation services, and offers unregulated services such as residential appliance repair and maintenance, and the sale of heating, ventilating, and air conditioning (HVAC) equipment. CenterPoint Energy does not generate electricity but focuses on its reliable transportation through its infrastructure.
CNP’s Geographic footprint
CenterPoint Energy serves approximately 7 million metered customers across multiple states in the United States. Its regulated utility businesses are present in Indiana, Ohio, Louisiana, Minnesota, Mississippi, Arkansas, Oklahoma, and Texas. The company also has a competitive energy business footprint in nearly 40 states, with approximately 70% of its revenue concentrated in Texas.
CNP Corporate Image Assessment
CenterPoint Energy focuses on providing cleaner, safer, and more reliable energy by building reliable infrastructure, embracing sustainable energy practices, and improving customer service. In 2023, the company received the ENERGY STAR® Partner of the Year Sustained Excellence award for helping customers save energy and reduce costs in its Houston electric territory. The company has faced challenges related to extreme weather events and is actively working to strengthen its electric grid through initiatives like the Greater Houston Resiliency Initiative (GHRI) and the Systemwide Resiliency Plan (SRP).
Ownership
CenterPoint Energy's stock ownership is primarily held by institutional investors, who collectively hold between approximately 49.03% and 98.71% of the company's stock. Insiders own about 0.22% of the stock, and retail investors hold approximately 1.62% to 25.14%. Major institutional owners include Capital International Investors, Vanguard Group Inc, and BlackRock, Inc.
Ask Our Expert AI Analyst
Price Chart
$36.74