CenterPoint Energy upgraded to Neutral from Underperform at BofA » 09:0108/0708/07/20
BofA analyst Julien…
BofA analyst Julien Dumoulin-Smith upgraded CenterPoint Energy (CNP) to Neutral from Underperform with a $21 price target. Management has laid out a more in-depth plan for the strategic process and addressed his governance concerns, the analyst said following the company's Q2 earnings call. He thinks strategic action at Enable Midstream (ENBL) is "imminent" and continue to view folding Enable into a larger midstream peer as "a logical option," Dumoulin-Smith tells investors.
CenterPoint Energy sees review concluding in October 11:3508/0608/06/20
CenterPoint Energy: 'Nothing off the table' in business review 11:3408/0608/06/20
CenterPoint Energy focused on cost-cutting, business alignment 11:3408/0608/06/20
CenterPoint Energy reviewing stake in Enable Midstream 11:3408/0608/06/20
CenterPoint Energy has engaged financial adviser to help company with review » 11:3308/0608/06/20
Comments taken from Q2…
Comments taken from Q2 earnings conference call.
CenterPoint Energy backs FY20 guidance basis Utility EPS range of $1.10-$1.20 » 07:0908/0608/06/20
FY20 consensus $1.29.…
FY20 consensus $1.29. Backs 5% - 7% Utility EPS CAGR, inclusive of anticipated COVID-19 impacts.
CenterPoint Energy reports Q2 EPS 21c, consensus 21c » 07:0708/0608/06/20
Reports Q2 revenue…
Reports Q2 revenue $1.58B, consensus $2.17B.
|Over a week ago|
CenterPoint Energy announces Indiana Electric and Houston Electric to combine » 19:5008/0308/03/20
CenterPoint Energy is…
CenterPoint Energy is combining Indiana Electric and Houston Electric into one Electric organization, effective immediately. The alignment of CenterPoint Energy's generation, transmission, distribution and engineering areas into one organization will "allow for greater ability to share best practices for service, reliability and technology across its footprint, as well as deliver on opportunities for long-term efficiencies in service to customers," the company states.
|Over a month ago|
CenterPoint Energy call volume above normal and directionally bullish » 12:4507/0207/02/20
Bullish option flow…
Bullish option flow detected in CenterPoint Energy with 1,732 calls trading, 1.8x expected, and implied vol increasing over 1 point to 38.48%. Jul-20 20 calls and Aug-20 20 calls are the most active options, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 6th.