With a market cap of $24.8 billion, CenterPoint Energy, Inc. (CNP) is a public utility holding company providing electric transmission, distribution, and generation, as well as natural gas distribution and sales. It serves over 2.8 million metered customers, maintains significant electric infrastructure, including 352 substations, and owns intrastate pipeline assets in Louisiana and Texas.
Shares of the Houston, Texas-based company have outperformed the broader market over the past 52 weeks. CenterPoint Energy has returned 28.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 9.2%. Moreover, shares of CNP are up 19.6% on a YTD basis, compared to SPX's 3.7% decline.
