With a market cap of $18.90 billion, CenterPoint Energy Inc. (CNP) operates as a public utility holding company in the U.S. Headquartered in Houston, Texas, the company manages and maintains essential electric infrastructure, including wires and poles, for customers in the greater Houston area and southwestern Indiana. Additionally, CenterPoint Energy owns and operates electric generation capacity in Indiana. Its key subsidiaries include Houston Electric, CERC Corp., and Vectren.
CenterPoint Energy has significantly underperformed the broader market over the last year. The stock has gained 3.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 25.1%. In 2024, the stock has gained 2.7%, compared to SPX's 10.4% gains on a YTD basis.
