CenterPoint Energy Inc
NYSE:CNP
CNP's latest stock split occurred on Oct 1, 2002
The company executed a 1000-for-843 stock split, meaning that for every 843 shares held, investors received 1000 new shares.
The adjusted shares began trading on Oct 1, 2002. This was CNP's 3rd stock split, following the previous one in Dec 11, 1995.
1S9
CenterPoint Energy Inc
Glance View
CenterPoint Energy Inc., based in Houston, Texas, is a prominent player in the utility industry, specializing primarily in electric transmission and distribution, as well as natural gas distribution. Rooted in over a century of service, CenterPoint's journey began as a regional player but has evolved into a multi-state operation. Its core business involves delivering electricity and natural gas to millions of customers across Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma, and Texas. The company's strength lies in its ability to adapt and grow while maintaining the reliability and safety of its services. By investing in modernizing infrastructure, adopting new technologies, and focusing on sustainability and efficiency, CenterPoint is not just keeping businesses and homes linked to essential services, but it’s also building a roadmap for the future. The utility giant derives most of its revenues from regulated utility operations, ensuring stable and predictable cash flows. Its electric transmission and distribution unit generates income by charging fees to residential and business customers for the transportation of electricity. Meanwhile, the natural gas segment earns money by distributing and selling natural gas, with tariffs regulated by state commissions to ensure reasonable pricing for consumers and fair returns for the company. Additionally, CenterPoint Energy is involved in investing in renewable energy projects, aiming to diversify its energy mix and meet increasing consumer demand for clean energy options. By embedding its operations deeply into the framework of energy reliability and efficiency, CenterPoint not only fuels local economies but also underpins its strategy with sustainability—a crucial narrative in today’s energy landscape.
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