Is CenterPoint Energy (CNP) Stock Outpacing Its Utilities Peers This Year?

Core Viewpoint - CenterPoint Energy (CNP) has been outperforming its peers in the Utilities sector this year, with a year-to-date gain of 14.2% compared to the sector average of 8.6% [4]. Company Performance - CenterPoint Energy is currently ranked 2 (Buy) in the Zacks Rank system, indicating a positive earnings outlook [3]. - The Zacks Consensus Estimate for CNP's full-year earnings has increased by 0.2% over the past quarter, reflecting improving analyst sentiment [3]. - CNP is part of the Utility - Electric Power industry, which includes 60 companies and has an average year-to-date gain of 8.6%, further highlighting CNP's strong performance [5]. Sector Overview - The Utilities sector, which includes 109 individual stocks, is ranked 1 in the Zacks Sector Rank, indicating overall strong performance among its constituents [2]. - Another notable performer in the Utilities sector is Enel SpA (ENLAY), which has seen a year-to-date increase of 33.3% and also holds a Zacks Rank of 2 (Buy) [4][5]. Future Outlook - Investors interested in Utilities stocks should monitor CenterPoint Energy and Enel SpA, as both companies are expected to maintain their solid performance moving forward [6].