CenterPoint Energy's regulated utilities have significant growth investment opportunities. We expect the company to invest over $22 billion over the next five years, supporting our expectation that management can achieve the high end of its 6% to 8% annual earnings growth target through 2030, in line with our estimate in 2024-27.
CenterPoint is a pure-play regulated electric and gas utility with above-average long-term growth potential and constructive regulatory environments.
The disappointing 2020 Houston Electric rate case could signal a deteriorating regulatory environment in Texas.
|
Metric
|
CNP
|
OGE
|
SO
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.64 | 15.62 | 20.78 |
Price/Book Value | 1.78 | 1.44 | 2.35 |
Price/Sales | 1.98 | 2.44 | 2.95 |
Price/Cash Flow | 7.22 | 7.87 | 9.68 |
|
Metric
|
CNP
|
OGE
|
SO
|
|---|---|---|---|
Quick Ratio | 0.50 | 0.25 | 0.35 |
Current Ratio | 0.78 | 0.65 | 0.77 |
Interest Coverage | 2.55 | 3.07 | 2.78 |
|
Metric
|
CNP
|
OGE
|
SO
|
|---|---|---|---|
Return on Assets (Normalized) | 2.39% | 3.24% | 2.73% |
Return on Equity (Normalized) | 9.70% | 9.26% | 12.09% |
Return on Invested Capital (Normalized) | 5.52% | 6.64% | 6.12% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
NEE
| NextEra Energy Inc | Klqhfnvrgt | Jmbqvl | $131.1 Bil | |
SO
| Southern Co | Lkrryfdqg | Cwzbc | $76.4 Bil | |
DUK
| Duke Energy Corp | Jpgchdgc | Cgspcyc | $72.9 Bil | |
NGG
| National Grid PLC ADR | Pccqnpf | Mnhj | $46.6 Bil | |
AEP
| American Electric Power Co Inc | Hnzcljt | Wbkpsx | $42.8 Bil | |
PCG
| PG&E Corp | Yxktnqn | Jqht | $41.9 Bil | |
D
| Dominion Energy Inc | Wqctbdgk | Ctccw | $40.5 Bil | |
EXC
| Exelon Corp | Rwyqykqp | Bffrnvd | $36.4 Bil | |
PEG
| Public Service Enterprise Group Inc | Yxrrztyc | Ssnct | $32.4 Bil | |
ED
| Consolidated Edison Inc | Cpfxvvhn | Btg | $30.2 Bil |
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