Core Viewpoint - CenterPoint Energy, Inc. is a significant player in the energy delivery sector, providing electric and gas utility services to over 7 million customers across multiple states in the U.S. [1] Company Overview - CenterPoint Energy, Inc. is the only investor-owned electric and gas utility based in Texas [1] - The company operates in electric transmission and distribution, power generation, and natural gas distribution [1] - As of March 31, 2024, CenterPoint Energy owned approximately $40 billion in assets [1] - The company has a workforce of around 9,000 employees and has been in operation for over 150 years [1] Customer Base - CenterPoint Energy serves more than 7 million metered customers in states including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas [1]

• Data demonstrate significant improvements in well-being and physical functioning compared to placebo in patients treated for 1 year with TransCon CNP at the pivotal 100μg/kg/week dose • Improvements could not be explained by changes in linear growth only, supporting a potential additional direct treatment effect of TransCon CNP beyond linear growth COPENHAGEN, Denmark, June 24, 2024 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) today announced the oral presentation of data from its Phase 2 ACcomp ...

Core Viewpoint - CenterPoint Energy reported a strong first quarter with adjusted EPS of $0.55, exceeding consensus estimates, despite a 5% revenue decline due to lower commodity prices [1][9] Financial Performance - Revenue decreased by 5% to $2.62 billion, a drop of $159 million, primarily driven by lower natural gas prices, which reduced energy costs by $291 million [1] - Earnings increased by 10% year-over-year, supported by higher rates and a weather benefit, while interest expenses posed a slight headwind [1] - Excluding energy costs, revenue rose by over $130 million, consistent with upper single-digit rate base growth [1] Regulatory Environment - CenterPoint achieved a $5 million revenue increase from its Texas Gas rate case, earning a 9.8% return on equity, above its average of 9.64% [1] - The company has maintained a flat average monthly bill in Houston for 10 years at $49, with the recent rate increase expected to raise bills by less than 0.1% [1] Customer Base and Market Dynamics - CenterPoint serves 2.8 million customers in the Greater Houston area, benefiting from positive population dynamics and net migration to Texas [1][2] - The growing customer base allows for spreading capital spending across more customers, mitigating per-customer impacts [1] Capital Expenditure and Growth Strategy - The company has a $44.5 billion 10-year capital expenditure plan, with $3.7 billion targeted for this year [7] - Approximately 80% of capital spending leads to interim recovery, enhancing shareholder benefits from investments [2] - Management reaffirmed guidance of 8% EPS growth for the year and 6-8% growth through 2030, supported by a targeted 8-10% annual increase in the rate base [1][7] Debt Management - CenterPoint has an $18.1 billion debt load, with a current 14.6% FFO/Debt ratio aligning with its 14-15% target [1] - About 90% of existing debt is fixed-rate or hedged, reducing sensitivity to interest rate fluctuations [1] Equity Issuance and Future Plans - The company plans to issue $250 million in equity this year, having completed over 75% of this total, which reduces near-term market risk [11] - CenterPoint is repositioning its equity base favorably, including the planned sale of its Louisiana and Mississippi operations for $1.2 billion, which will fund growth in Houston [12][13]

Core Viewpoint - The analysis focuses on identifying undervalued stocks in the Utility - Electric Power sector, specifically comparing CenterPoint Energy (CNP) and PSEG (PEG) based on various valuation metrics and earnings outlooks [7]. Valuation Metrics - The Value category of the Style Scores system evaluates companies using key metrics such as P/E ratio, P/S ratio, earnings yield, and cash flow per share to determine fair value [2]. - CNP has a forward P/E ratio of 19.11 and a PEG ratio of 2.73, while PEG has a forward P/E of 19.94 and a PEG ratio of 3.04, indicating that CNP is currently the superior value option [5][6]. Earnings Outlook - Both CNP and PEG hold a Zacks Rank of 2 (Buy), suggesting positive earnings estimate revisions and an improving earnings outlook for both companies [4]. Additional Valuation Comparisons - CNP has a P/B ratio of 1.98, which is lower than PEG's P/B ratio of 2.32, further supporting the argument that CNP presents a better value opportunity [9].

4.08 76 3.98 71 3.89 ୧୧ 3.80 61 3.71 56 3.62 51 3.53 42 3.44 23 19 Price Daily - Consens(2023) current dividend yield is 2.6%. The Zacks Consensus Estimate for CenterPoint Energy's 2024 earnings per On the basis of EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) TTM, which is a commonly used multiple for valuing Utility Electric Power companies, the industry is trading at 13.84X compared with the S&P 500's 14.03X and the Utility sector's 14.96X. Over the past five ye ...

CenterPoint Energy, Inc. (CNP) , with its rising earnings estimates and strong ROE, makes a good pick in the utility space. It is registering growth in customer volumes and investing substantially to expand operations to meet increasing demand. Let's focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. Growth Projections The Zacks Consensus Estimate for 2024 and 2025 earnings per share is pegged at $1.62 and $1.75, indicating growth of 8% and 7.6%, respective ...

Group 1 - CenterPoint Energy (CNP) has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Southern Co. (SO) has a Zacks Rank of 3 (Hold) [3] - Value investors analyze various traditional metrics to assess whether a company is undervalued, including P/E ratio, P/S ratio, earnings yield, and cash flow per share [4] - CNP has a forward P/E ratio of 18.95 and a PEG ratio of 2.71, while SO has a forward P/E of 20.13 and a PEG ratio of 2.90, suggesting CNP may be more attractive [5] Group 2 - CNP's P/B ratio is 1.97, compared to SO's P/B of 2.47, indicating a better valuation relative to book value [6] - CNP has a Value grade of B, while SO has a Value grade of D, further supporting the notion that CNP is the better option for value investors [6]

It has been about a month since the last earnings report for CenterPoint Energy (CNP) . Shares have added about 0.2% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CenterPoint due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. CenterPoint Energy's Q1 Earnings Top ...

4 ~$2.2B to $2.7B Capital Investment Plan Range (2025-2027)(1) Electric System Hardening and Modernization (~$1.7B - $2.1B) • Replace and upgrade assets most susceptible to severe weather or other disruptions • Includes transmission system hardening, distribution circuit rebuilds, and strategic undergrounding Physical Security (~$35MM) • Enhance security at critical substations • Includes asset protection and security monitoring system upgrades Wildfire Mitigation (~$140MM) • Expand wildfire risk modeling a ...

Financial Data and Key Metrics Changes - The company reported a non-GAAP EPS of $0.55 for Q1 2024, compared to $0.50 in Q1 2023, indicating a strong start to the year [143] - The growth in rate recovery contributed $0.09 to EPS, primarily driven by ongoing recovery from various interim mechanisms [144] - The company reaffirmed its non-GAAP EPS target of 8% growth for 2024 and mid-to-high end of 6% to 8% annually through 2030 [5][141] Business Line Data and Key Metrics Changes - The company has made good progress on its $250 million ATM equity program, completing approximately 75% of equity sales year-to-date [3] - The Texas Gas rate case settlement is expected to result in an annual revenue requirement increase of approximately $5 million, with a minimal impact on customer bills [123] Market Data and Key Metrics Changes - The Houston area has seen strong organic growth, with an average annual customer growth of 1% to 2% over the long term, supported by significant job creation [146] - The company anticipates closing the sale of its Louisiana and Mississippi Gas LDCs, expected to result in after-tax cash proceeds of approximately $1 billion [8] Company Strategy and Development Direction - The company is focused on enhancing grid resiliency through a $2.2 billion to $2.7 billion investment plan over three years, aimed at improving customer outcomes from severe system events [118][115] - The company plans to continue its emphasis on operational and maintenance discipline, which has been a differentiating factor for sustainable growth [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of financial metrics as the impact of Winter Storm Uri rolls off, expecting improvements in credit metrics over the next few years [55][56] - The company highlighted the dynamic growth environment in Texas, particularly in electric sales, driven by residential and industrial load growth [58] Other Important Information - The company is pursuing various state and federal incentives to support its capital investment plans, including potential federal loan programs [25][63] - The company has filed for a rate case in Ohio Gas, expected to be filed in August 2024 [138] Q&A Session Summary Question: Can you discuss the $500 million upside in terms of accretion versus the 10% rate base growth? - Management indicated that the $500 million of additional capital will be included in the capital investment plan when it can be efficiently executed, financed, and recovered [15][119] Question: How are you thinking about options for refinancing needs? - Management is pleased with current credit metrics and is pursuing various financing alternatives, including DOE Loan Program dollars [26][27] Question: Can you provide an update on the Indiana Electric rate case? - Management mentioned that hearings have been slightly delayed to explore potential settlements, with a final decision expected in Q4 [132] Question: What is the timeline for the Resiliency Plan approval? - The approval timeline is expected to be around six months, with a final decision anticipated by the end of the calendar year [88] Question: What are the current earned or regulated ROEs? - Management noted that regulatory lag has been reduced, with historical averages around 150 basis points, and will provide a more normalized view post-rate case [89]