Last week, CenterPoint Energy’s (CNP) stock collapsed to its lowest price of the past year and a half, competing with share prices realized in mid-2017 and early 2016. While its current yield of 4.5% is quite attractive in comparison to medium-term Treasuries and other utility competitors, its most recent 5-yr dividend growth rate of 5.9% may suffer in the near term. While the current yield exceeds those offered any time since October 2016, the future seems a bit cloudier.
CenterPoint is a multi-utility firm offering electric service in the greater Houston area, combined