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CenterPoint Energy
Type
Public
Traded as NYSE: CNP
DJUA Component
S&P 500 Component
Industry Utilities
Founded 1882
Headquarters CenterPoint Energy Tower
Houston, Texas, United States
Key people
Scott M. Prochazka, CEO & President
Revenue

Increase$8.106 billion

USD (2013)
Operating income

Increase$1 billion

USD (2013)
Net income

Increase$311 million

USD (2013)
Number of employees

8,720

(2013)
Website www.centerpointenergy.com

Increase$8.106 billion

Increase$1 billion

Increase$311 million

8,720

CenterPoint Energy is a Fortune 500 electric and natural gas utility serving several markets in the U.S. states of Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. It was formerly known as Reliant Energy (from which it is now separated), NorAm Energy, Houston Industries, and HL&P. The company is headquartered in the CenterPoint Energy Tower at 1111 Louisiana Street in Downtown Houston. Some of its notable subscribers include Retail Electric Providers (REPs), such as NRG Energy, Champion Energy, Dynowatt, Ambit Energy, Texas Power, Bounce Energy, MXenergy, Direct Energy, Stream Energy, First Texas Energy Corporation, Gexa Energy, Cirro Energy, and Kona Energy.

When the state of Texas deregulated the electricity market, the former Houston Lighting & Power (HL&P) was split into several companies. In 2003 HL&P was split into Reliant Energy, Texas Genco, and CenterPoint Energy.

Until December 15, 2004, CenterPoint Energy and its predecessors operated in its various markets under these names; they were used separately prior to Reliant Energy, and later in conjunction with the Reliant Energy and CenterPoint Energy names:

In late 2004, four private equity firms—the Texas Pacific Group, the Blackstone Group, Kohlberg Kravis Roberts, and Hellman & Friedman—combined forces to purchase Texas Genco from Centerpoint. Later in 2006, Texas Genco was sold to NRG Energy of Princeton, N.J.

Hurricane Ike caused great disruption of service in the Greater Houston Area, wiping out 2.1 million of CenterPoint Energy's 2.26 million clients' electricity. This was the largest power outage in the company's 130-year history, and the largest in the state's history.

In March 2009, the company’s five-year smart meter deployment began, delivering enhanced smart meter functionality to Retail Electric Providers (REPs). The company worked with the Department of Energy for a pilot program in Texas centered on energy consumption. After working with 500-residential electricity customers in the Houston area, it was found that by using a smart meter, consumers cut down on energy use for the home. The pilot program was funded in part by the $200 million it received from the federal stimulus act.

CenterPoint Energy has been working with IBM. In 2013, IBM helped CenterPoint Energy develop the Customer Vision Platform. The Customer Vision Platform will give CenterPoint a 360-degree view of their 5 million metered customers, incorporating their gas, electric and home services customers. It’s going to give customers a range of choices around how they want to interact with CenterPoint while also providing a consistent experience across the board.

On December 16, 2005, CenterPoint Energy Inc. said it would restate its finances for 2004 and the first three quarters of 2005 to correct accounting errors that overstated revenue and natural gas expenses.

In December 2011, the non-partisan organization Public Campaign criticized CenterPoint Energy for spending $2.65 million on lobbying and not paying any taxes during 2008-2010, instead getting $284 million in tax rebates, despite making a profit of $1.9 billion, and having an executive pay between $12 and $13 million for its top 5 executives.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-25 Future report Set alerts
Q3 2020 2020-11-05 Future report Set alerts
Q2 2020 2020-08-06 0.21 0.17
Q1 2020 2020-05-07 0.65 -2.15
Q4 2019 2020-02-27 0.45 0.25
Q3 2019 2019-11-07 0.53 0.47
Q2 2019 2019-08-07 0.35 0.24
Q1 2019 2019-05-09 0.46 0.23
Q4 2018 2019-02-28 0.36 0.18
Q3 2018 2018-11-08 0.39 0.35

Ratings

2016-07-05 Downgrade Tudor Pickering Buy to Hold
2016-07-01 Reiterated Rating Argus Buy $26.00 to $28.00
2016-06-22 Downgrade Wells Fargo Outperform to Market Perform
2016-06-22 Downgrade Wells Fargo & Co. Outperform to Market Perform
2016-06-08 Reiterated Rating Argus Buy
2016-05-12 Boost Price Target Deutsche Bank Hold $21.00 to $22.50
2016-05-12 Boost Price Target Deutsche Bank AG Hold $21.00 to $22.50
2016-05-11 Reiterated Rating Credit Suisse Hold $24.00
2016-05-11 Reiterated Rating Credit Suisse Group AG Hold $24.00
2016-05-09 Upgrade Goldman Sachs Sell to Neutral $18.00 to $21.00
2016-05-09 Upgrade Goldman Sachs Group Inc. Sell to Neutral $18.00 to $21.00
2016-04-19 Reiterated Rating Deutsche Bank Hold $18.00
2016-04-12 Boost Price Target SunTrust $21.00 to $22.00
2016-04-12 Boost Price Target SunTrust Banks Inc. $21.00 to $22.00
2016-04-04 Reiterated Rating Deutsche Bank Hold
2016-03-24 Lower Price Target Argus Buy $26.00 to $24.00
2016-03-16 Boost Price Target Barclays Equal Weight $19.00 to $20.00
2016-03-16 Boost Price Target Barclays PLC Equal Weight $19.00 to $20.00
2016-03-14 Boost Price Target SunTrust Neutral $20.00 to $21.00
2016-03-08 Reiterated Rating SunTrust Hold
2016-03-07 Boost Price Target SunTrust Hold to Neutral $19.00 to $20.00
2016-02-29 Boost Price Target Credit Suisse Neutral $22.00 to $23.00
2016-02-29 Boost Price Target Deutsche Bank Hold $17.00 to $18.00
2016-02-16 Lower Price Target SunTrust Neutral $19.00 to $18.00
2016-01-28 Lower Price Target Macquarie Neutral $20.00 to $17.50
2016-01-27 Reiterated Rating Deutsche Bank Hold $18.00 to $17.00
2016-01-12 Lower Price Target Argus Buy $25.00 to $22.00
2016-01-11 Downgrade SunTrust Buy to Neutral $19.00 to $18.00
2015-12-14 Lower Price Target Deutsche Bank $19.00 to $18.00
2015-12-03 Reiterated Rating Barclays Equal Weight $27.00 to $24.00
2015-11-06 Lower Price Target Macquarie Neutral $20.50 to $20.00
2015-11-06 Lower Price Target Credit Suisse Neutral $23.00 to $22.00
2015-11-06 Lower Price Target Barclays Equal Weight $22.00 to $20.00
2015-11-06 Reiterated Rating Deutsche Bank Hold $21.00 to $19.00
2015-10-19 Downgrade Goldman Sachs Neutral to Sell $19.00 to $17.00
2015-10-13 Upgrade Credit Suisse Underperform to Neutral $23.00
2015-08-22 Reiterated Rating Deutsche Bank Hold $21.00
2015-08-11 Boost Price Target Deutsche Bank Hold $20.50 to $21.00
2015-07-07 Initiated Coverage Ladenburg Thalmann Neutral $20.00
2015-06-08 Reiterated Rating SunTrust Buy $23.00 to $22.00
2015-05-23 Reiterated Rating Deutsche Bank Hold $22.50 to $22.00
2015-05-23 Reiterated Rating Credit Suisse Underperform $24.00 to $23.00
2015-05-12 Reiterated Rating Deutsche Bank Hold $22.50 to $22.00
2015-05-12 Reiterated Rating Credit Suisse Underperform $24.00 to $23.00
2015-04-13 Initiated Coverage Goldman Sachs Neutral $20.00
2015-04-07 Lower Price Target Argus Buy $29.00 to $27.00
2015-02-27 Lower Price Target Deutsche Bank Hold $23.00 to $22.50
2015-02-03 Downgrade Credit Suisse Outperform to Underperform $29.00 to $25.00
2015-01-26 Downgrade Citigroup Inc. Buy to Neutral $28.00 to $25.00
2015-01-05 Downgrade Macquarie Outperform to Neutral
2014-12-10 Initiated Coverage Nomura Neutral
2014-12-10 Initiated Coverage Nomura Holdings Inc. Neutral
2014-08-20 Upgrade Argus Hold to Buy $29.00
2014-08-04 Reiterated Rating SunTrust Neutral $26.00 to $25.00
2014-07-10 Reiterated Rating Credit Suisse Outperform $29.00
2014-07-01 Boost Price Target Barclays $26.00 to $27.00
2014-07-01 Boost Price Target BMO Capital Markets $27.00 to $28.00
2014-07-01 Reiterated Rating Deutsche Bank Hold $25.50 to $26.00
2014-07-01 Boost Price Target RBC Capital Outperform $26.00 to $28.00
2014-06-16 Upgrade BMO Capital Markets Market Perform to Outperform $27.00 to $43.00
2014-05-21 Reiterated Rating Barclays Equal Weight $26.00
2014-04-22 Initiated Coverage Tudor Pickering Buy
2013-12-02 Downgrade KeyBanc Buy to Hold
2013-02-28 Reiterated RBC Capital Mkts Outperform $23 to $24
2013-01-11 Upgrade RBC Capital Mkts Sector Perform to Outperform $22 to $23
2012-03-06 Downgrade RBC Capital Mkts Outperform to Sector Perform $21 to $20
2011-08-05 Upgrade Deutsche Bank Hold to Buy $19.50 to $20
2011-07-25 Downgrade Argus Buy to Hold
2011-03-02 Downgrade Deutsche Bank Buy to Hold $17 to $16
2010-05-20 Initiated Deutsche Bank Buy $16.50
2010-05-06 Downgrade Jefferies Buy to Hold
2010-01-12 Initiated UBS Buy $17
2016-07-05 Downgrade Tudor Pickering Buy to Hold
2016-07-01 Reiterated Rating Argus Buy $26.00 to $28.00
2016-06-22 Downgrade Wells Fargo Outperform to Market Perform
2016-06-22 Downgrade Wells Fargo & Co. Outperform to Market Perform
2016-06-08 Reiterated Rating Argus Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CENTERPOINT ENERGY INC 21.90%  (94126366) CNP / ENBL /
MCCLANAHAN DAVID M President and CEO 0.23%  (987679) CNP / PWR /
WHITLOCK GARY L EVP & Chief Financial Officer 0.10%  (414291) CNP / ENBL / KIOR /
ROZZELL SCOTT E EVP, Gen.Counsel, Corp. Sec 0.08%  (322952) CNP / POWL /
Prochazka Scott M Sr VP - Div Pres 0.07%  (321247) CNP / ENBL /
STANDISH THOMAS R Exec VP and Group Pres 0.07%  (287921) CNP /
CARROLL MILTON 0.05%  (215376) CNP / HAL / LRE / LYB / WES /
Bridge Tracy B Sr VP - Div Pres 0.03%  (116969) CNP /
MCGOLDRICK JOSEPH B Sr VP - Div Pres 0.02%  (104620) CNP /
Fitzgerald Walter L. Sr VP and CAO 0.02%  (102465) CNP /
ROGERS WILLIAM D EVP 0.02%  (89323) AWK / CNP /
Wareing Peter S 0.02%  (71942) CNP /
Longoria Janiece M 0.02%  (65651) CNP / SPN /
Harper C Gregory Sr. VP & Group Pres. 0.01%  (55392) CNP / MEP / SEP / SRLP / SWN /
RHENEY SUSAN 0.01%  (51942) CNP / QEPM /
O'Brien Dana C. SVP, Gen Counsel, Corp Sec 0.01%  (48866) CNP /
JOHNSON MICHAEL P 0.01%  (42832) BWLD / CNP /
Colvin Kristie SVP and CAO 0.01%  (42234) CNP /
CAMPBELL DONALD R 0.01%  (41000) CNP /
ORTENSTONE SUSAN B SVP and Chief HR Officer 0.01%  (33494) CNP / EPB /
Doyle Scott Edward Senior VP 0.01%  (30938) CNP /
MCLEAN SCOTT J 0.01%  (25942) CNP / ZION /
Smith Phillip R 0.01%  (25332) CNP /
CROSSWELL O HOLCOMBE 0.01%  (24501) CNP /
WALKER R A 0.01%  (23000) APC / BOKF / CNP / WES / WGP /
Pound Ted 0.01%  (21502) CNP /

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