With the U.N. Climate Change Conference, otherwise known as COP28, starting this week, we are reasserting our view that the market underappreciates utilities' critical role in limiting global warming.
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
|
DTE
|
OGE
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.70 | 21.15 | 17.11 |
Price/Book Value | 1.89 | 2.04 | 1.57 |
Price/Sales | 1.97 | 1.59 | 2.54 |
Price/Cash Flow | 8.02 | 7.14 | 9.71 |
|
Metric
|
CNP
|
DTE
|
OGE
|
|---|---|---|---|
Quick Ratio | 0.48 | 0.40 | 0.45 |
Current Ratio | 0.78 | 0.85 | 0.82 |
Interest Coverage | 2.78 | 2.70 | 3.31 |
|
Metric
|
CNP
|
DTE
|
OGE
|
|---|---|---|---|
Return on Assets (Normalized) | 2.27% | 2.83% | 3.28% |
Return on Equity (Normalized) | 9.16% | 11.77% | 9.38% |
Return on Invested Capital (Normalized) | 5.01% | 6.13% | 6.52% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|
NEE
| NextEra Energy Inc | Jrvbbcb | $122.8 Bil | |
SO
| Southern Co | Shrvkn | $78.1 Bil | |
DUK
| Duke Energy Corp | Qxbbl | $72.8 Bil | |
NGG
| National Grid PLC ADR | Mzr | $49.4 Bil | |
PCG
| PG&E Corp | Nwbn | $44.2 Bil | |
AEP
| American Electric Power Co Inc | Dbrbcr | $42.2 Bil | |
D
| Dominion Energy Inc | Xmnlcv | $39.5 Bil | |
EXC
| Exelon Corp | Tsrvgc | $39.2 Bil | |
XEL
| Xcel Energy Inc | Mkysyqy | $34.0 Bil | |
ED
| Consolidated Edison Inc | Rwfvh | $31.9 Bil |
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