CenterPoint Reports Flat 3Q Earnings and Enable Initiates Strong 2019 Guidance
We are reaffirming our $29 per share fair value estimate after CenterPoint Energy reported flattish 2018 third-quarter earnings, reaffirmed earnings guidance, and provided EPS contribution from Enable based on its recently initiated 2019 guidance. CenterPoint also indicated the all-cash acquisition of Vectren remains on track for a 2019 first-quarter closing.Adjusted third-quarter EPS were $0.39 versus $0.38 in the same period last year. CenterPoint's electric and natural gas utilities posted w...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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