Centerpoint Energy Inc - CNP STOCK NEWS

CenterPoint Energy, Inc. (NYSE: CNP) announced its support for the merger between Enable Midstream Partners, LP and Energy Transfer LP. CenterPoint will exchange its 53.7% investment in Enable for Energy Transfer common units at a ratio of 0.8595x, alongside receiving $5 million in cash and approximately $385 million in Energy Transfer preferred units. This move aligns with CenterPoint's strategy to minimize midstream exposure and enhance its regulated utility operations, projecting utility EPS growth of 6%-8%. Total transaction expenses are expected to be $45 million, including a $30 million payment to OGE.

CenterPoint Energy (NYSE: CNP) announced two key senior finance appointments aimed at strengthening its leadership team and advancing its long-term growth strategy. Stacey Peterson will serve as Senior Vice President, Financial Planning & Treasurer, effective January 11, overseeing financial risk and a five-year capital investment plan exceeding $16 billion. Philip Holder will be Senior Vice President, Strategic Planning & Investor Relations, effective January 25, focusing on corporate strategy and investor communications. These appointments signal the company's commitment to enhancing value for customers and shareholders.

CenterPoint Energy (NYSE: CNP) announced a regular quarterly cash dividend of $0.1600 per share on its Common Stock, reflecting a 6.7% increase from the previous dividend of $0.1500. This dividend will be payable on March 11, 2021, to stockholders of record as of February 18, 2021. Additionally, a semiannual dividend of $30.6250 for Series A Preferred Stock and a quarterly dividend of $17.5000 for Series B Preferred Stock were declared, both payable on March 1, 2021, to respective holders recorded as of February 15, 2021.

CenterPoint Energy, Inc. (NYSE: CNP) announced on December 3, 2020, that Moody's Investors Service upgraded its rating outlook from Negative to Stable, while affirming a Baa2 senior unsecured rating and a Prime–2 short–term rating for commercial paper. This change reflects the company's successful efforts to stabilize credit metrics and improve liquidity and overall financial stability. CenterPoint, serving over 7 million customers across several states, owns approximately $33 billion in assets and has a significant stake in Enable Midstream Partners, LP.

CenterPoint Energy (NYSE: CNP), based in Texas, provides electric and gas utility services to over 7 million customers across multiple states. As of September 30, 2020, the company boasts approximately $33 billion in assets and holds a 53.7% stake in Enable Midstream Partners. With a workforce of about 9,600 employees, CenterPoint has a history of over 150 years in energy delivery, encompassing electric transmission, distribution, and power generation. For earnings results, the Q4 and full-year 2020 earnings conference call is scheduled for February 25, 2021, at 7:00 a.m. Central Time.

CenterPoint Energy (NYSE: CNP) announced Kenneth E. Coleman as the new Senior Vice President and Chief Information Officer, effective November 16, 2020. Coleman will oversee the company's IT strategy, focusing on enhancing business efficiency and customer experience through technology and analytics. Previously, he held senior roles at Southern Company and was CEO of the Birmingham Business Alliance. Coleman holds a Bachelor's degree in Communications and an MBA. CenterPoint serves over 7 million customers across multiple states and has $33 billion in assets as of September 30, 2020.

CenterPoint Energy reported a net income of $69 million, or $0.13 per diluted share, for Q3 2020, a significant decrease from $241 million, or $0.47 per diluted share, in Q3 2019. The results included $92 million in after-tax impairment charges from Enable Midstream. Despite the downturn, the company raised its 2020 Utility EPS guidance to $1.12 - $1.20, driven by projected 10% annual rate base growth and a commitment to consistent earnings growth. A virtual Investor Day is scheduled for December 7, 2020, to outline future strategies and financial outlooks.

CenterPoint Energy, Inc. (NYSE: CNP) released its 2020 Corporate Responsibility Report, titled We Deliver Responsibility, emphasizing its commitments in environmental, social, and governance (ESG) practices. Key highlights include a goal to cut operational emissions by 70% by 2035 and a 20-30% reduction in emissions from natural gas usage by 2040. The company also contributed $1.5 million to COVID-19 relief efforts and established a Diversity and Inclusion Council. The report follows the GRI framework and includes sustainability standards disclosures.