Intrinsic value of CenterPoint Energy - CNP

Previous Close

$28.13

  Intrinsic Value

$11.17

stock screener

  Rating & Target

str. sell

-60%

Previous close

$28.13

 
Intrinsic value

$11.17

 
Up/down potential

-60%

 
Rating

str. sell

We calculate the intrinsic value of CNP stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 12.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  9,806
  10,032
  10,290
  10,579
  10,900
  11,252
  11,635
  12,050
  12,497
  12,976
  13,489
  14,037
  14,620
  15,239
  15,896
  16,593
  17,331
  18,110
  18,934
  19,804
  20,722
  21,690
  22,711
  23,786
  24,918
  26,111
  27,366
  28,686
  30,075
  31,537
Variable operating expenses, $m
  8,559
  8,754
  8,977
  9,227
  9,504
  9,808
  10,139
  10,497
  10,884
  11,298
  11,654
  12,127
  12,631
  13,166
  13,734
  14,336
  14,973
  15,647
  16,359
  17,111
  17,904
  18,740
  19,622
  20,551
  21,529
  22,559
  23,643
  24,784
  25,985
  27,247
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  8,559
  8,754
  8,977
  9,227
  9,504
  9,808
  10,139
  10,497
  10,884
  11,298
  11,654
  12,127
  12,631
  13,166
  13,734
  14,336
  14,973
  15,647
  16,359
  17,111
  17,904
  18,740
  19,622
  20,551
  21,529
  22,559
  23,643
  24,784
  25,985
  27,247
Operating income, $m
  1,247
  1,278
  1,313
  1,352
  1,396
  1,444
  1,496
  1,552
  1,613
  1,678
  1,835
  1,909
  1,989
  2,073
  2,162
  2,257
  2,357
  2,463
  2,575
  2,694
  2,819
  2,950
  3,089
  3,235
  3,389
  3,552
  3,722
  3,902
  4,091
  4,290
EBITDA, $m
  2,355
  2,409
  2,471
  2,540
  2,617
  2,702
  2,794
  2,894
  3,001
  3,116
  3,239
  3,371
  3,511
  3,660
  3,817
  3,985
  4,162
  4,349
  4,547
  4,756
  4,976
  5,209
  5,454
  5,712
  5,984
  6,270
  6,572
  6,889
  7,222
  7,573
Interest expense (income), $m
  406
  513
  533
  556
  582
  611
  644
  679
  718
  760
  806
  854
  906
  962
  1,021
  1,084
  1,150
  1,221
  1,295
  1,375
  1,458
  1,546
  1,639
  1,737
  1,841
  1,950
  2,065
  2,185
  2,313
  2,447
  2,587
Earnings before tax, $m
  734
  745
  757
  770
  785
  800
  817
  834
  853
  873
  981
  1,003
  1,027
  1,052
  1,079
  1,107
  1,137
  1,168
  1,201
  1,236
  1,272
  1,311
  1,352
  1,394
  1,440
  1,487
  1,537
  1,589
  1,644
  1,702
Tax expense, $m
  198
  201
  204
  208
  212
  216
  220
  225
  230
  236
  265
  271
  277
  284
  291
  299
  307
  315
  324
  334
  344
  354
  365
  377
  389
  401
  415
  429
  444
  460
Net income, $m
  536
  544
  553
  562
  573
  584
  596
  609
  623
  637
  716
  732
  750
  768
  787
  808
  830
  853
  877
  902
  929
  957
  987
  1,018
  1,051
  1,085
  1,122
  1,160
  1,200
  1,243

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  23,183
  23,716
  24,325
  25,010
  25,768
  26,600
  27,506
  28,486
  29,543
  30,677
  31,889
  33,184
  34,562
  36,026
  37,580
  39,227
  40,971
  42,814
  44,762
  46,819
  48,989
  51,278
  53,690
  56,232
  58,909
  61,727
  64,694
  67,816
  71,100
  74,555
Adjusted assets (=assets-cash), $m
  23,183
  23,716
  24,325
  25,010
  25,768
  26,600
  27,506
  28,486
  29,543
  30,677
  31,889
  33,184
  34,562
  36,026
  37,580
  39,227
  40,971
  42,814
  44,762
  46,819
  48,989
  51,278
  53,690
  56,232
  58,909
  61,727
  64,694
  67,816
  71,100
  74,555
Revenue / Adjusted assets
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
  0.423
Average production assets, $m
  13,376
  13,683
  14,035
  14,430
  14,867
  15,347
  15,870
  16,436
  17,045
  17,700
  18,399
  19,146
  19,941
  20,786
  21,683
  22,633
  23,639
  24,703
  25,826
  27,013
  28,265
  29,586
  30,978
  32,444
  33,989
  35,615
  37,327
  39,128
  41,023
  43,016
Working capital, $m
  431
  441
  453
  465
  480
  495
  512
  530
  550
  571
  594
  618
  643
  671
  699
  730
  763
  797
  833
  871
  912
  954
  999
  1,047
  1,096
  1,149
  1,204
  1,262
  1,323
  1,388
Total debt, $m
  9,867
  10,290
  10,774
  11,318
  11,920
  12,580
  13,300
  14,078
  14,917
  15,817
  16,780
  17,808
  18,902
  20,065
  21,299
  22,606
  23,991
  25,454
  27,001
  28,634
  30,357
  32,174
  34,090
  36,108
  38,233
  40,471
  42,827
  45,306
  47,913
  50,656
Total liabilities, $m
  18,407
  18,830
  19,314
  19,858
  20,460
  21,120
  21,840
  22,618
  23,457
  24,357
  25,320
  26,348
  27,442
  28,605
  29,839
  31,146
  32,531
  33,994
  35,541
  37,174
  38,897
  40,714
  42,630
  44,648
  46,773
  49,011
  51,367
  53,846
  56,453
  59,196
Total equity, $m
  4,776
  4,885
  5,011
  5,152
  5,308
  5,480
  5,666
  5,868
  6,086
  6,319
  6,569
  6,836
  7,120
  7,421
  7,742
  8,081
  8,440
  8,820
  9,221
  9,645
  10,092
  10,563
  11,060
  11,584
  12,135
  12,716
  13,327
  13,970
  14,647
  15,358
Total liabilities and equity, $m
  23,183
  23,715
  24,325
  25,010
  25,768
  26,600
  27,506
  28,486
  29,543
  30,676
  31,889
  33,184
  34,562
  36,026
  37,581
  39,227
  40,971
  42,814
  44,762
  46,819
  48,989
  51,277
  53,690
  56,232
  58,908
  61,727
  64,694
  67,816
  71,100
  74,554
Debt-to-equity ratio
  2.070
  2.110
  2.150
  2.200
  2.250
  2.300
  2.350
  2.400
  2.450
  2.500
  2.550
  2.610
  2.650
  2.700
  2.750
  2.800
  2.840
  2.890
  2.930
  2.970
  3.010
  3.050
  3.080
  3.120
  3.150
  3.180
  3.210
  3.240
  3.270
  3.300
Adjusted equity ratio
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  536
  544
  553
  562
  573
  584
  596
  609
  623
  637
  716
  732
  750
  768
  787
  808
  830
  853
  877
  902
  929
  957
  987
  1,018
  1,051
  1,085
  1,122
  1,160
  1,200
  1,243
Depreciation, amort., depletion, $m
  1,108
  1,131
  1,158
  1,188
  1,222
  1,258
  1,298
  1,341
  1,388
  1,438
  1,405
  1,462
  1,522
  1,587
  1,655
  1,728
  1,804
  1,886
  1,971
  2,062
  2,158
  2,258
  2,365
  2,477
  2,595
  2,719
  2,849
  2,987
  3,132
  3,284
Funds from operations, $m
  1,643
  1,675
  1,711
  1,751
  1,794
  1,842
  1,894
  1,950
  2,010
  2,075
  2,120
  2,194
  2,272
  2,355
  2,443
  2,536
  2,634
  2,738
  2,848
  2,964
  3,086
  3,215
  3,351
  3,495
  3,645
  3,804
  3,971
  4,147
  4,332
  4,526
Change in working capital, $m
  8
  10
  11
  13
  14
  15
  17
  18
  20
  21
  23
  24
  26
  27
  29
  31
  32
  34
  36
  38
  40
  43
  45
  47
  50
  52
  55
  58
  61
  64
Cash from operations, $m
  1,635
  1,665
  1,699
  1,738
  1,780
  1,827
  1,877
  1,932
  1,991
  2,054
  2,098
  2,170
  2,246
  2,327
  2,414
  2,505
  2,602
  2,704
  2,812
  2,926
  3,046
  3,173
  3,307
  3,447
  3,596
  3,752
  3,916
  4,089
  4,271
  4,462
Maintenance CAPEX, $m
  -1,001
  -1,021
  -1,045
  -1,071
  -1,102
  -1,135
  -1,172
  -1,211
  -1,255
  -1,301
  -1,351
  -1,405
  -1,462
  -1,522
  -1,587
  -1,655
  -1,728
  -1,804
  -1,886
  -1,971
  -2,062
  -2,158
  -2,258
  -2,365
  -2,477
  -2,595
  -2,719
  -2,849
  -2,987
  -3,132
New CAPEX, $m
  -262
  -308
  -352
  -395
  -437
  -480
  -523
  -566
  -610
  -654
  -700
  -747
  -795
  -845
  -897
  -950
  -1,006
  -1,064
  -1,124
  -1,187
  -1,252
  -1,320
  -1,392
  -1,467
  -1,545
  -1,626
  -1,712
  -1,801
  -1,895
  -1,993
Cash from investing activities, $m
  -1,263
  -1,329
  -1,397
  -1,466
  -1,539
  -1,615
  -1,695
  -1,777
  -1,865
  -1,955
  -2,051
  -2,152
  -2,257
  -2,367
  -2,484
  -2,605
  -2,734
  -2,868
  -3,010
  -3,158
  -3,314
  -3,478
  -3,650
  -3,832
  -4,022
  -4,221
  -4,431
  -4,650
  -4,882
  -5,125
Free cash flow, $m
  372
  336
  303
  272
  241
  212
  183
  155
  127
  99
  47
  18
  -10
  -40
  -70
  -100
  -132
  -164
  -198
  -232
  -268
  -305
  -344
  -384
  -426
  -469
  -514
  -562
  -611
  -663
Issuance/(repayment) of debt, $m
  359
  423
  484
  543
  602
  661
  719
  779
  839
  900
  963
  1,028
  1,094
  1,163
  1,234
  1,308
  1,384
  1,464
  1,547
  1,633
  1,723
  1,817
  1,915
  2,018
  2,126
  2,238
  2,356
  2,479
  2,608
  2,743
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  359
  423
  484
  543
  602
  661
  719
  779
  839
  900
  963
  1,028
  1,094
  1,163
  1,234
  1,308
  1,384
  1,464
  1,547
  1,633
  1,723
  1,817
  1,915
  2,018
  2,126
  2,238
  2,356
  2,479
  2,608
  2,743
Total cash flow (excl. dividends), $m
  731
  760
  787
  815
  843
  872
  902
  933
  965
  999
  1,010
  1,046
  1,084
  1,123
  1,164
  1,207
  1,252
  1,300
  1,349
  1,401
  1,455
  1,512
  1,572
  1,634
  1,700
  1,769
  1,841
  1,917
  1,997
  2,080
Retained Cash Flow (-), $m
  -88
  -110
  -126
  -141
  -156
  -171
  -187
  -202
  -218
  -234
  -250
  -267
  -284
  -302
  -320
  -339
  -359
  -380
  -401
  -424
  -447
  -471
  -497
  -524
  -551
  -581
  -611
  -643
  -677
  -712
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  644
  650
  662
  674
  687
  701
  716
  731
  748
  765
  760
  779
  800
  821
  844
  868
  893
  920
  948
  977
  1,008
  1,040
  1,075
  1,111
  1,148
  1,188
  1,230
  1,274
  1,320
  1,369
Discount rate, %
  8.70
  9.14
  9.59
  10.07
  10.57
  11.10
  11.66
  12.24
  12.85
  13.50
  14.17
  14.88
  15.62
  16.41
  17.23
  18.09
  18.99
  19.94
  20.94
  21.98
  23.08
  24.24
  25.45
  26.72
  28.06
  29.46
  30.93
  32.48
  34.11
  35.81
PV of cash for distribution, $m
  592
  546
  503
  459
  416
  373
  331
  290
  252
  216
  177
  148
  121
  98
  78
  61
  46
  35
  26
  18
  13
  9
  6
  4
  2
  1
  1
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers. Its Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. Its Energy Services segment includes non-rate regulated gas sales and transportation and storage services for commercial and industrial customers. Its Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. Its Other Operations segment includes office buildings and other real estate used in its business operations and other corporate operations.

FINANCIAL RATIOS  of  CenterPoint Energy (CNP)

Valuation Ratios
P/E Ratio 28
Price to Sales 1.6
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 6.3
Price to Free Cash Flow 23.6
Growth Rates
Sales Growth Rate 1.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -10.7%
Cap. Spend. - 3 Yr. Gr. Rate 1.9%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 217.7%
Total Debt to Equity 269%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.2%
Ret/ On Assets - 3 Yr. Avg. 1.8%
Return On Total Capital 3.4%
Ret/ On T. Cap. - 3 Yr. Avg. 0.9%
Return On Equity 12.5%
Return On Equity - 3 Yr. Avg. 3%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 29.5%
EBITDA Margin - 3 Yr. Avg. 19.4%
Operating Margin 12.7%
Oper. Margin - 3 Yr. Avg. 11.8%
Pre-Tax Margin 9.1%
Pre-Tax Margin - 3 Yr. Avg. 1.1%
Net Profit Margin 5.7%
Net Profit Margin - 3 Yr. Avg. 1%
Effective Tax Rate 37%
Eff/ Tax Rate - 3 Yr. Avg. 35.6%
Payout Ratio 102.5%

CNP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CNP stock intrinsic value calculation we used $9614 million for the last fiscal year's total revenue generated by CenterPoint Energy. The default revenue input number comes from 0001 income statement of CenterPoint Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CNP stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.7%, whose default value for CNP is calculated based on our internal credit rating of CenterPoint Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CenterPoint Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CNP stock the variable cost ratio is equal to 87.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CNP stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for CenterPoint Energy.

Corporate tax rate of 27% is the nominal tax rate for CenterPoint Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CNP stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CNP are equal to 136.4%.

Life of production assets of 13.1 years is the average useful life of capital assets used in CenterPoint Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CNP is equal to 4.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4688 million for CenterPoint Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 431.554 million for CenterPoint Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CenterPoint Energy at the current share price and the inputted number of shares is $12.1 billion.

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COMPANY NEWS

▶ CenterPoint: 3Q Earnings Snapshot   [06:39AM  Associated Press]
▶ Houston utility takes No. 2 spot for lobbying spending in Texas   [Oct-19-18 02:54PM  American City Business Journals]
▶ Exclusive: Investor buys old Weingarten's Grocery warehouse in Houston's East End   [Oct-16-18 05:38PM  American City Business Journals]
▶ Houston utilities gear up for future floods   [Aug-20-18 09:01AM  American City Business Journals]
▶ Reporter injured during Hurricane Harvey rescue attempt sues CenterPoint   [Aug-06-18 03:34PM  American City Business Journals]
▶ CenterPoint: 2Q Earnings Snapshot   [06:49AM  Associated Press]
▶ Houston was home to the largest U.S. utility deal in the second quarter   [Jul-26-18 07:15PM  American City Business Journals]
▶ Best NYSE Dividend Payers   [Jun-21-18 09:02AM  Simply Wall St.]
▶ CenterPoint: 1Q Earnings Snapshot   [06:42AM  Associated Press]
▶ CenterPoint Energy declares $0.2775 quarterly dividend   [Apr-26-18 06:05PM  PR Newswire]

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