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NEW YORK (TheStreet) -- Shares of CenterPoint Energy (CNP) - Get CenterPoint Energy, Inc. (CNP) Stock Price, News, Buy or Sell Rating Report are rising 1.43% to $21.99 on Tuesday morning after the company reported better-than-expected earnings for the 2016 first quarter.

Before the opening bell, the Houston-based utility holding company reported earnings of 36 cents per diluted share, exceeding analysts' expectations of 31 cents per share.

Revenue for the quarter was $1.98 billion, which fell short of Wall Street's estimates of $2.44 billion.

For 2016, CenterPoint forecasts earnings per diluted share between $1.12 and $1.20. Analysts are looking for earnings of $1.14 per share.

The company's segments include electric transmission and distribution, natural gas distribution, energy services, midstream investments and other operations.

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Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance.

However, the team also finds weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CNP

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