Why Shares of CenterPoint Energy Rose 11% in December [The Motley Fool]
CenterPoint Energy, Inc (Holding Co) (CNP)
Last centerpoint energy, inc (holding co) earnings: 2/27 06:30 am
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Source: The Motley Fool
What happened Shares of CenterPoint Energy ( NYSE:CNP gas and electric utility Global Market Intelligence So what The reason for the December jump in CenterPoint's shares was a new development in the case that was responsible for the stock's big November drop. Houston-based CenterPoint Energy is hoping for a rate increase in its top market to help it outperform. Image source: Getty Images. In November, the Public Utility Commission of Texas (PUCT) -- the agency that regulates CenterPoint's largest market, Houston -- denied the company's requested rate increase for Houston. CenterPoint's proposal would have allowed it to earn a 0.% return on equity in the market, but PUCT instead approved a much lower 9.% return on equity. During CenterPoint's Q 09 earnings call However, on Dec. , CenterPoint sent a letter informing PUCT that "CenterPoint Houston, Commission Staff, the Office of Public Utility Counsel, the City of Houston and Houston Coalition of Cities, the Gulf Coast Coalition of Ci
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News
- CenterPoint Energy, Inc. (NYSE: CNP) had its price target lowered by analysts at Scotiabank from $31.00 to $29.00. They now have a "sector perform" rating on the stock.MarketBeat
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CNP
Earnings
- 2/20/24 - Miss
CNP
Sec Filings
- 4/1/24 - Form PX14A6G
- 3/15/24 - Form DEFA14A
- 3/15/24 - Form DEF
- CNP's page on the SEC website