NYSE:CNPIntegrated Utilities
CenterPoint Energy (CNP) Stock Slips As Premium Valuation Meets Capex Scrutiny
CenterPoint Energy shares slipped about 3% to US$42.96 on Wednesday, even as the utility posted another quarter that reinforced its premium story. The stock came into the print already under quiet pressure over the past month, and the latest move shows investors questioning how much they are willing to pay for that premium P/E and long capital plan.
The headline from this earnings release is clear. CenterPoint Energy kept profitability heading in the right direction, with net profit margin...