CenterPoint Energy Inc (Holding Co) (CNP) Dips 3.27% for February 28

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday February 28 was CenterPoint Energy Inc (Holding Co) (CNP). The stock experienced a 3.27% decline to $30.14 with 11.2 million shares changing hands.

CenterPoint Energy Inc (Holding Co) started at an opening price of 30.19 and hit a high of $30.22 and a low of $29.20. Ultimately, the stock took a hit and finished the day at $1.02 per share. CenterPoint Energy Inc (Holding Co) trades an average of 5.11 million shares a day out of a total 501.19 million shares outstanding. The current moving averages are a 50-day SMA of $29.52 and a 200-day SMA of $27.52. CenterPoint Energy Inc (Holding Co) hit a high of $31.01 and a low of $24.81 over the last year.

CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to Houston and the surrounding area to approximately 2.5 million customers. The company has natural gas distribution systems in six states, including the cities of Houston and Minneapolis, serving approximately 3.5 million customers. CenterPoint owns approximately 54% of Enable Midstream Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region. The merger with Vectren would add approximately 145,000 electric customers in southwestern Indiana and over 1 million natural gas customers in Indiana and west-central Ohio.

With its headquarters located in Houston, TX, CenterPoint Energy Inc (Holding Co) employs 7,977 people. After today’s trading, the company’s market cap has fallen to $15.11 billionAs for its value, has a P/E ratio of <8.8, a P/S of 2.07, a P/B of 3.2, and a P/FCF of -78.7.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on CenterPoint Energy Inc (Holding Co) and to follow the company’s latest updates, you can visit the company’s profile page here: CNP’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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