Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $21.59, above its previous 52-week high of $21.56 with 1.1 million shares traded as of 1:34 p.m. ET. Average volume has been 3.1 million shares over the past 30 days.
CenterPoint Energy has a market cap of $9.06 billion and is part of the
industry. Shares are up 5.5% year to date as of the close of trading on Wednesday.
CenterPoint Energy, Inc. operates as a public utility holding company. The company has a P/E ratio of 11.9, above the average utilities industry P/E ratio of 6.7 and below the S&P 500 P/E ratio of 17.7.
- ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
TheStreet Ratings rates CenterPoint Energy as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full
52-week high stocks
or get investment ideas from our
FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge!
Free download now