Centerpoint Energy Inc - CNP STOCK NEWS

On April 23, 2021, CenterPoint Energy declared dividends for its Common Stock and Series B Mandatory Convertible Preferred Stock. The regular quarterly cash dividend for Common Stock is set at $0.1600 per share, payable on June 10, 2021, to shareholders recorded by May 20, 2021. For its Series B Preferred Stock, a regular dividend of $17.5000 per share is scheduled for payment on June 1, 2021, to shareholders of record as of May 15, 2021. This positions CenterPoint as a stable investment for income-seeking shareholders.

CenterPoint Energy, Inc. (NYSE: CNP) has announced its 2021 annual meeting of shareholders scheduled for April 23, 2021, at 9 a.m. CDT, to be held in Houston, Texas. Shareholders on record as of the close of business on February 26, 2021, will receive notices and have voting rights. The company serves over 7 million customers across multiple states and has approximately $33 billion in assets. Established for over 150 years, CenterPoint is the only investor-owned utility in Texas.

CenterPoint Energy Houston Electric has successfully concluded a public offering of $1.1 billion in general mortgage bonds, consisting of $400 million of 2.35% bonds maturing in 2031 and $700 million of 3.35% bonds maturing in 2051. Proceeds will address various financial obligations, including the repayment of existing bonds and capital expenditures. The offering was coordinated by several financial institutions, including BNP PARIBAS and Citigroup. Forward-looking statements indicate potential risks affecting future performance due to economic and regulatory factors.

CenterPoint Energy, Inc. (NYSE: CNP) is set to hold its First Quarter 2021 Earnings Conference Call on May 6, 2021, at 7:00 a.m. Central time. The company provides electric transmission and distribution, power generation, and natural gas distribution services to over 7 million customers across several states. As of December 31, 2020, CenterPoint owned approximately $33 billion in assets, along with a 53.7% stake in Enable Midstream Partners, LP. The company has a rich operational history spanning more than 150 years.

CenterPoint Energy Resources Corp. (CERC), a subsidiary of CenterPoint Energy (NYSE: CNP), has successfully closed a $1.7 billion offering of senior notes. This comprises $1 billion in floating rate senior notes and $700 million in 0.70% senior notes, both due in 2023. The net proceeds will be allocated for general corporate purposes, including working capital. J.P. Morgan, MUFG, US Bancorp, and Wells Fargo Securities acted as joint bookrunners for the offering.

CenterPoint Energy reported fourth quarter 2020 earnings of $0.27 per diluted share, up from $0.25 in Q4 2019. However, full-year 2020 results showed a loss of $949 million, or $1.79 per diluted share, compared to a profit of $674 million in 2019. The decline was influenced by non-cash impairment charges of $1.27 billion. The company secured $1.7 billion in financing to manage liquidity after a damaging winter storm. CenterPoint is raising 2021 Utility EPS guidance to $1.24 - $1.26, emphasizing a shift towards a fully regulated business model.

CenterPoint Energy (CNP) has announced its intentions to acquire a 300-megawatt solar array in Indiana, seeking regulatory approval from the Indiana Utility Regulatory Commission (IURC). This initiative is a part of its long-term plan for electric generation transition, aiming to add an additional 100 MW through a power purchase agreement. The combined 400 MW solar capacity is projected to reduce operational emissions by 70% by 2035, generating enough power for over 50,000 homes. A decision from the IURC is anticipated in late 2021 or early 2022, with construction potentially creating 250 jobs and contributing $47.8 million to local economies.

A lawsuit has been filed against ERCOT and CenterPoint Energy (CNP) following the death of a 95-year-old Houston man, Doyle Aron Austin, during a winter storm-related blackout. The lawsuit, initiated by Austin's family, claims the companies neglected infrastructure and failed to prepare for the storm, despite accurate weather predictions. As temperatures plummeted, Austin succumbed to the cold after more than two days without electricity or gas. The lawsuit seeks accountability for the companies' actions during this public health emergency, which disproportionately affected low-income areas.