CNP News and Press, CenterPoint Energy Inc From 02/17/23

Summary Gas utilities are close to their historical average in valuation and quality. Water utilities are significantly overvalued. Invesco S&P 500 Equal Weight Utilities ETF: an equal-weight alternative to XLU. 10 utilities stocks cheaper than their peers in February. ...

CenterPoint press release ( NYSE: CNP ): Q4 Non-GAAP EPS of $0.28 misses by $0.01 . Reiterated 2023 non-GAAP EPS guidance range of $1.48-$1.50, which represents an 8% growth over 2022 actual at the midpoint; and further reiterated growth targets of 8% for 2024 and the mid-to-h...

Reported Q4 2022 earnings of $0.19 per diluted share and full year 2022 earnings of $1.59 per diluted share on a GAAP basis Non-GAAP earnings per diluted share (“non-GAAP EPS”) was $0.28 for Q4 2022 and $1.38 for full year 2022 Reiterated 2023 non-GAAP EPS gu...

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Summary The Fed's "high for longer" apparent rate policy stands to hurt companies with floating rate financing. One Utilities sector stock has nearly $3 billion of such debt as of mid-2022. I see shares of CNP near fair value while the technicals are mixed at best. “Hig...

Summary S&P 500 blended EPS growth for Q4 increases for the first time in 3 weeks, now expected to come in at -4.9%. Peak earnings season rolls on this week with 1,276 global companies expected to report, as investors start to focus on Consumer Discretionary names. Potential sur...

WESTCHESTER, Ill., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced that Jim Zallie , president and chief executive officer, and James Gray , executive vice presi...

Fourth quarter 2022 reported and adjusted EPS * were $1.71 and $1.65, respectively, compared to fourth quarter 2021 reported and adjusted EPS of $0.99 and $1.09 Full year 2022 reported and adjusted EPS * were $7.34 and $7.45, respectively, compared to full year 2021 reported and adjus...

WESTCHESTER, Ill., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced that it has been named to the 2023 Bloomberg Gender-Equality Index (GEI), marking its sixth consec...

Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The Global Infrastructure Value Strategy seeks long...