The Latest Breaking News from CenterPoint Energy

While CenterPoint Energy has underperformed in recent months, it has significantly outperformed over the past year, and analysts remain moderately bullish on the stock’s prospects.

National Fuel Gas Company (NYSE:NFG) shares are trading lower on Tuesday, following the company’s disclosure of the acquisition of CenterPoint Energy, Inc.’s (NYSE:CNP) Ohio natural gas local distribution company (LDC), for $2.62 billion.

Houston’s main electrical company backed off plans to raise rates after facing sharp criticism for its response to massive power outages after Hurricane Beryl.

6 analysts have expressed a variety of opinions on CenterPoint Energy (NYSE:CNP) over the past quarter, offering a diverse set of opinions from bullish to bearish.

As CenterPoint Energy underperformed relative to the broader market over the past year, Wall Street analysts remain cautious about the stock’s prospects.

With CenterPoint Energy set to release its third-quarter earnings later this month, analysts are forecasting a lower-double-digit increase in its profitability.

CenterPoint Energy underperformed the utilities sector recently, and Wall Street analysts remain cautious about the stock’s prospects.

Texas isn’t expected to take a direct hit when the storm makes landfall as a hurricane. But storm surge and dangerous winds are possible.

During the power outage following the storm, a shocking lack of support in vulnerable communities reflected a larger breakdown in coordination between the state, CenterPoint Energy, and local governments.