How CenterPoint Energy Stock’ Valuation Compares
CenterPoint Energy (CNP) stock is presently trading at a PE (price-to-earnings) multiple of 16x, lower than its historical average.
What’s Next for CenterPoint Energy Stock?
CenterPoint Energy (CNP) stock has continued to trade close to its 52-week low after the company’s announcement to acquire Vectren (VVC) last week.
CenterPoint Energy to Buy Vectren in $6 Billion Deal
On April 23, Houston-based CenterPoint Energy (CNP) announced it would buy natural gas company Vectren (VVC) for $6.0 billion.
Vectren’s Stable Dividends over the Years
Vectren Corporation (VVC) is a $5 billion diversified utility in Indiana. It’s currently trading at a dividend yield of 2.9% and has increased dividends for the past 58 consecutive years.