Stock Pulse
CenterPoint Energy (CNP) completed the sale of its Louisiana and Mississippi natural gas distribution businesses for $1.2 billion, using the proceeds to fund long-term growth and investments in its core markets [5], [6], [10]. The company is also focused on grid resilience, completing 70% of its Greater Houston Resiliency Initiative Phase Two and planning to install additional weather monitoring stations [2]. CNP is viewed favorably as a dividend play with a 2.43% yield and projected earnings growth of 8.02% [1], and as a defensive stock with growth potential due to increasing electricity demand and investments in infrastructure upgrades and the EV market [3], [4], [9]. The company proposed lowering electricity costs for Houston customers by transferring generation units, potentially boosting public image but forgoing some revenue [8]. CenterPoint will host its Q1 2025 earnings call on April 24th [7].