Professional
Added to YB: 2024-02-29
Pitch date: 2024-02-22
CNP [bullish]
CenterPoint Energy, Inc.
+41.37%
current return
Author Info
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Company Info
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates in Electric and Natural Gas segments.
Market Cap
$22.5B
Pitch Price
$26.77
Price Target
35.00 (-8%)
Dividend
2.55%
EV/EBITDA
12.82
P/E
21.87
EV/Sales
4.96
Sector
Multi-Utilities
Category
dividend
CenterPoint Energy, Inc.: Maintaining BUY
CNP: Argus maintains BUY, $35 PT on execution despite headwinds. 6% div hike shows confidence as focus shifts to utility & storage for 6-8% annual returns. $1.2B asset sale funds growth w/o impacting 8% '24 EPS forecast. Q4 $0.32 non-GAAP EPS +14%, FY23 adj EPS +9%. Exiting nonregulated ops to streamline. Attractive PE & 2.9% yield, upside from $28 after flat year.
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