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Spring Storm Update: CenterPoint Energy has restored 90% of the 167,000 outages experienced overnight across Greater Houston
Prnewswire· 2025-05-27 23:00
Core Insights - CenterPoint Energy has successfully restored power to approximately 152,000 customers, representing 90% of those affected by the recent severe storm, which featured wind gusts of 60-70 miles per hour [1][7] - The company has activated its Emergency Operations Center in anticipation of further severe weather, deploying additional resources and personnel to expedite power restoration for the remaining customers [2][8] - Safety remains a top priority for the company as it addresses downed power lines and damaged infrastructure, urging customers to maintain a safe distance from hazards [3][8] Company Actions - Over 1,300 personnel have been deployed to assess damage and restore power, including 143 vegetation crews [8] - The company is leveraging its smart grid technology to reroute power on unaffected lines while focusing on assessing the type of damage to the electric system [8] - CenterPoint Energy encourages customers to enroll in its Power Alert Service for real-time updates on outages and restoration efforts [5] Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states, including Indiana, Minnesota, Ohio, and Texas, and is headquartered in Houston [6] - As of March 31, 2025, the company reported approximately $44 billion in assets and has been serving customers for over 150 years [6]
Best Momentum Stocks to Buy for May 22nd
ZACKS· 2025-05-22 15:01
Group 1 - Fortis Inc. (FTS) is a Canadian electric and gas utility company with a Zacks Rank 1, and its current year earnings estimate increased by 4.2% over the last 60 days [1] - Fortis' shares have gained 9.5% over the last three months, while the S&P 500 declined by 1%, indicating strong performance [1] - The company has a Momentum Score of A, reflecting its strong momentum characteristics [1] Group 2 - MGIC Investment Corporation (MTG) is a mortgage insurance company with a Zacks Rank 1, and its current year earnings estimate increased by 1.8% over the last 60 days [2] - MGIC's shares have gained 8.9% over the last three months, compared to the S&P 500's decline of 1%, showcasing solid performance [2] - The company possesses a Momentum Score of B, indicating good momentum characteristics [2]
2025 Hurricane Season Preparations: CenterPoint Energy holds emergency response exercise with Houston-area partners
Prnewswire· 2025-05-22 14:39
Core Viewpoint - CenterPoint Energy is actively preparing for the 2025 hurricane season through a comprehensive emergency response exercise aimed at enhancing local cooperation and improving emergency preparedness and response plans [1][2][3]. Group 1: Emergency Preparedness Activities - The emergency simulation involves state and local officials, emergency management offices, and third-party evaluators to assess CenterPoint's response to major hurricanes [1][3]. - More than 200 CenterPoint employees and response partners are participating in the all-day exercise at the Emergency Operations Center [3]. - The exercise is part of a series of trainings and system-wide improvements under the Greater Houston Resiliency Initiative (GHRI) launched last year [3][4]. Group 2: Resiliency Improvements - Over the past 10 months, CenterPoint has implemented various resiliency actions to strengthen the energy system and mitigate the impact of outages during the hurricane season [4]. - The company is collaborating with industry-leading technology providers to leverage AI and emerging technologies for better weather impact predictions [7]. - CenterPoint is also donating and installing emergency generators at critical facilities and community centers to ensure essential services during emergencies [7]. Group 3: Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states, with total assets of approximately $44 billion as of March 31, 2025 [5]. - The company has a workforce of around 8,300 employees and has been in operation for over 150 years [5].
Best Income Stocks to Buy for May 22nd
ZACKS· 2025-05-22 09:11
Group 1: Fortis Inc. (FTS) - Fortis Inc. is a Canadian electric and gas utility company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for Fortis' current year earnings has increased by 4.2% over the last 60 days [1] - Fortis has a dividend yield of 3.6%, which is higher than the industry average of 3.1% [1] Group 2: MGIC Investment Corporation (MTG) - MGIC Investment Corporation is a mortgage insurance company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for MGIC's current year earnings has increased by 1.8% over the last 60 days [2] - MGIC has a dividend yield of nearly 2%, compared to the industry average of 1.7% [2]
PSE&G Proposes New Solutions To Help Customers Dealing With Upcoming Energy Price Increases
Prnewswire· 2025-05-15 21:45
Core Viewpoint - PSE&G is amending its proposal to the New Jersey Board of Public Utilities (BPU) to provide additional short-term assistance in response to rising electric supply costs, while also preparing for long-term solutions to address these challenges [1][2]. Short-term Solutions - PSE&G has filed with the BPU to approve a Temporary Supply Offset Clause (TSOC) that would provide a temporary credit starting July 1, 2025, to mitigate electric bill increases due to high capacity market prices [4]. - The company is proposing options for the TSOC, including a 100%, 50%, and 25% offsetting credit based on BPU guidance [4]. - PSE&G is also implementing an expansion of the Winter Termination Program to protect low-income individuals from utility shut-offs and suspending reconnection fees [7]. Long-term Solutions - PSE&G has highlighted the need for long-term solutions to address the supply and demand imbalance in the PJM region, advocating for policy and legal changes to encourage new generation development [5]. Customer Assistance Programs - PSE&G has been actively working with customers and community organizations to raise awareness about energy assistance options, resulting in approximately 226,000 customers receiving over $265 million in support last year [9]. - The company offers various bill payment tools, including an Equal Payment Plan that allows customers to levelize their monthly payments and Deferred Payment Arrangements for past-due balances [11]. Energy Efficiency Initiatives - PSE&G's energy efficiency programs have benefited over 415,000 customers, leading to nearly $640 million in annual savings through reduced energy consumption [8]. - The company continues to promote affordability and bill management programs through multiple communication channels, ensuring customers are informed about available assistance [12]. Company Background - PSE&G is New Jersey's oldest and largest gas and electric delivery utility, recognized for its reliability and customer satisfaction, having won the ReliabilityOne® Award for 23 consecutive years [13].
WEC Energy (WEC) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-05-15 14:56
Core Viewpoint - WEC Energy Group (WEC) has shown a downtrend recently, losing 6.7% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be subsiding [2][5]. - This pattern forms when there is a small candle body with a long lower wick, indicating that despite a new low, buying interest has emerged to push the stock price up towards the opening price [4][5]. - Hammer candles can appear on various timeframes and are utilized by both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for WEC, which is a bullish indicator as it typically leads to price appreciation [7]. - The consensus EPS estimate for the current year has remained unchanged over the last 30 days, indicating strong agreement among analysts regarding WEC's potential for better earnings [8]. - WEC currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9].
Fortis Inc. Releases First Quarter 2025 Results
Globenewswire· 2025-05-07 10:00
Core Viewpoint - Fortis Inc. reported a strong start to 2025, with a focus on executing capital programs and pursuing investment opportunities while maintaining a commitment to affordable energy and dividend growth of 4-6% through 2029 [2][10]. Financial Performance - The Corporation's net earnings for Q1 2025 were $499 million, or $1.00 per common share, reflecting an increase of $40 million or $0.07 per share compared to Q1 2024, driven by rate base growth and favorable exchange rates [3][9]. - Capital expenditures for the first quarter were $1.4 billion, part of a $5.2 billion annual capital plan that remains on track [9]. Regulatory Developments - The British Columbia Utilities Commission approved FortisBC's rate framework for 2025-2027, providing clarity and stability for operating expenses and capital investments [4]. Credit Ratings - Moody's confirmed Fortis' Baa3 issuer and senior unsecured debt ratings with a stable outlook in March 2025, while DBRS confirmed an A (low) rating in May 2025 [5]. Capital Plan and Growth Outlook - Fortis has a $26.0 billion five-year capital plan aimed at increasing the midyear rate base from $39.0 billion in 2024 to $53.0 billion by 2029, translating to a compound annual growth rate of 6.5% [8][10]. - The Corporation is exploring further growth opportunities, including electric transmission grid expansion and investments in renewable energy infrastructure [12]. Environmental Commitment - Fortis has reduced its direct greenhouse gas emissions by 34% from a 2019 baseline and aims for a 50% reduction by 2030 and 75% by 2035, with a long-term goal of net-zero emissions by 2050 [13].
Why PG&E (PCG) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-04-30 14:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What ...
Advisory: Fortis Inc. to Hold Teleconference and Webcast on May 7 to Discuss First Quarter 2025 Results and Hold Annual Meeting on May 8
Globenewswire· 2025-04-29 20:35
ST. JOHN'S, Newfoundland and Labrador, April 29, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2025 financial results on Wednesday, May 7, 2025. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's first quarter financial results. Shareholders, analysts, memb ...
3 Boring Stocks Outperforming the Market This Year
MarketBeat· 2025-04-25 13:34
Core Viewpoint - Despite market volatility in 2025, certain stable companies have provided solid returns, distinguishing themselves from high-growth tech stocks and offering safety and performance to investors [1] Group 1: Southern Company (SO) - Southern Company has shown impressive strength in 2025, with a year-to-date increase of approximately 11%, while the S&P 500 is down nearly 7% [2] - The company has a market capitalization of nearly $100 billion and is the second-largest holding in the Utilities Select Sector SPDR Fund, benefiting from strong inflows as investors seek stability [3] - Southern Company offers a dividend yield of 3.16% and is trading above its 200-day moving average, indicating a bullish trend [4] Group 2: Coca-Cola Company (KO) - Coca-Cola has seen a nearly 17% increase in shares year-to-date, outperforming the broader market and the consumer staples sector [6] - The company has attracted significant institutional support, with inflows totaling nearly $18 billion over the past 12 months, reflecting a demand for safety and yield [7] - Analysts maintain a consensus Buy rating for Coca-Cola, with an average price target of $75.06, indicating potential upside [8] Group 3: Verizon Communications (VZ) - Verizon has outperformed the S&P 500 with a 7% increase year-to-date and offers a substantial dividend yield of 6.3% [10] - The company reported strong Q1 2025 results, with an EPS of $1.19 and revenue of $33.5 billion, reaffirming its full-year guidance [11] - Verizon has a history of increasing dividends for 20 consecutive years and continues to generate strong free cash flow, making it attractive for long-term investors [12]