CenterPoint Energy (NYSE: CNP) stock recently located move of -0.58% off 52-week high price and identified change of 24.18% away from 52-week low price. CNP stock has been recorded 7.27% away from 50 day moving average and 11.57% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.40% off 20-day moving average. It has market worth of $15612.66M and dividend yield of 3.73%.
CenterPoint Energy (NYSE: CNP) and Vectren Corporation (NYSE: VVC) publicized the successful completion of their merger. The combined company, which is named CenterPoint Energy and headquartered in Houston, has regulated electric and natural gas utility businesses in eight states that serve more than 7 million metered customers and a competitive energy businesses’ footprint in nearly 40 states.
With the merger, CenterPoint Energy has assets totaling approximately $29 billion, an enterprise value of $27 billion and approximately 14,000 employees. CenterPoint Energy’s businesses include:
- Electric utility business – CenterPoint Energy maintains the wires, poles and electric infrastructure serving 2.4 million metered customers in the greater Houston area and 145,000 customers in Indiana. The company also owns and operates nearly 1,300 megawatts of power generation capacity in Indiana. CenterPoint Energy’s Texas electric utility business is headquartered in Houston and its Indiana electric utility business is headquartered in Evansville, Ind.
- Natural gas utility business – CenterPoint Energy sells and delivers natural gas to 4.5 million homes and businesses in eight states: Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas, including the high-growth areas of Houston and Minneapolis. The company’s natural gas utility business is headquartered in Evansville.
- Competitive energy businesses – CenterPoint Energy’s competitive energy businesses include: natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company’s competitive energy businesses are led from Houston.
CenterPoint Energy will continue to trade under the ticker symbol “CNP” on the New York Stock Exchange (NYSE) and the Chicago Stock Exchange.
Under the terms of the merger agreement, which was announced on April 23, 2018, Vectren shareholders will receive $72.00, along with a prorated dividend of $0.41145, in cash for each share of Vectren common stock owned as of the close of business on Feb. 1, 2019. Additionally, Vectren common stock, which previously traded under the ticker symbol “VVC,” has ceased trading on and was delisted from the NYSE effective February 01, 2019.
The Utilities sector company, CenterPoint Energy noticed change of -0.36% to $30.81 along volume of 4024922 shares in recent session compared to an average volume of 5308.66K. The stock observed return of 3.42% in 5 days trading activity. The stock was at 10.04% over one month performance. CNP’s shares are at 12.86% for the quarter and driving a 9.33% return over the course of the past year and is now at 9.14% since this point in 2018. The average volatility for the week at 1.65% and for month was at 1.57%. There are 506.74M shares outstanding and 500.34M shares are floated in market. Right now the stock beta is 0.41.