Bullish near-term oulook for CenterPoint's utilities.
We will likely be raising our $22 fair value estimate after narrow-moat CenterPoint Energy announced bullish 2017 earnings guidance in the range of $1.25-$1.33 per share, well above our estimate of $1.15 per share. In addition, the company now expects 2017 capital expenditures of $1.5 billion, 14% higher than its previous guidance of approximately $1.3 billion.The outlook for 2017 appears to be strong in all of CenterPoint’s business segments. Houston Electric plans to invest $922 million this ...
CenterPoint Energy owns interests in Enable Midstream Partners, LP. The company's subsidiaries own and operate electric transmission and distribution, electric generation and natural gas distribution facilities, supply natural gas to commercial and industrial customers and electric and natural gas utilities and provide underground pipeline construction and repair services, energy performance contracting and sustainable infrastructure services. The company's segments include: Houston Electric T&D, which consists of electric transmission and distribution services in the Texas Gulf Coast area; and Energy Services, which consists of non-rate regulated natural gas sales and services operations.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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