Centerpoint Energy Stock News

Devastating, freezing weather last winter season from Winter Storm Uri wreaked havoc on the state of Texas, paralyzing a power grid unaccustomed to handling record lows and leading to the deaths of more than 200 people. More than 5.2 million homes and businesses were at one point without power over the course of half a month. The crisis ended up costing Texas at least $195 billion in damages, and may very well become the priciest weather event in state history. Lawmakers vowed to fix Texas power grid by implementing regulations that forced companies like ERCOT and CenterPoint to act. What they passed, and what was eventually signed into law by Gov. Greg Abbott, looks to be all hat and no cattle . The legislation, SB 2 and 3 , asks energy providers to weatherize their equipment but offers no real timeline and few financial incentives for achieving that goal. A proposed $2 billion earmarked to offset upgrade costs for power companies was discussed but never established. Language in a state House bill related to off-setting costs instead allows companies to seek customer-backed bonds as the energy market looks to bounce back from this year.

SIGNAL HILL, CALIF. CenterPoint Properties has acquired nine acres of land at 2550 Orange Ave. in Signal Hill from Signal Hill Petroleum for an undisclosed price. CenterPoint plans to [] The post CenterPoint Properties Plans 100,147 SF Distribution Center Near Ports of Los Angeles, Long Beach appeared first on REBusinessOnline .

Zacks Industry Outlook Highlights: CenterPoint Energy, Alliant Energy and IDACORP

CenterPoint Energy, Inc. (NYSE:CNP)s share price hit a new 52-week high during trading on Monday . The stock traded as high as $27.49 and last traded at $27.49, with a volume of 15313 shares trading hands. The stock had previously closed at $26.95. Several equities analysts have commented on the stock. Barclays upgraded shares of []

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (ET) announced today the commencement of an underwritten secondary public offering of 86,956,522 common units representing limited partner interests in ET (common units) by CenterPoint Midstream Energy, Inc. (the Selling Unitholder), a subsidiary of CenterPoint Energy, Inc. (NYSE: CNP). The Selling Unitholder intends to grant Citigroup, J.P. Morgan and Morgan Stanley, as representatives of the underwriters, a 30-day option to purchase

UGI seems a promising bet for investors, given that its strong financial position and accretive acquisitions will further boost its performance.

Electric power utilities like CNP, LNT and IDA are poised to benefit from the increasing demand for utility services. The utilities have well-chalked out capital investment plans to upgrade infrastruc

Electric power utilities like CNP, LNT and IDA are poised to benefit from the increasing demand for utility services. The utilities have well-chalked out capital investment plans to upgrade infrastruc

Backed by a positive estimate revision, regular investments to strengthen its operations and demand from the expanding customer base, California Water Service (CWT) seems a lucrative option.

The dividend payment is safe. The utility sector is rallying relative to the S&P 500.

AES board of directors has approved a 5% dividend hike, thereby taking the new annualized payout to 63.20 cents per share. The company has been paying out dividends since 2012.

AES board of directors has approved a 5% dividend hike, thereby taking the new annualized payout to 63.20 cents per share. The company has been paying out dividends since 2012.

This article was originally published on TipRanks.com Texas-based Centerpoint Energy (CNP) is an electric and gas utility serving more than seven million customers The post Analyzing Centerpoint Energys Newly Added Risk Factors appeared first on Smarter Analyst .

AdvisorNet Financial Inc lifted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 46.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,698 shares of the utilities providers stock after buying an additional 3,400 shares during the quarter. []

OGE Energy's (OGE) subsidiary OG&E announces the completion of merger of Energy Transfer and Enable Midstream Partners in a bid to become a pure electric utility player.