NEW YORK (

TheStreet

) --

CenterPoint Energy

(NYSE:

CNP

) hit a new 52-week high Wednesday as it traded at $17.64 compared with its previous 52-Week high of $17.45. CenterPoint Energy is changing hands at $17.64 with 503,527 shares traded as of 10:01 a.m. ET. Average volume has been 4.7 million shares over the past 30 days.

CenterPoint Energy has a market cap of $7.3 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 10% year to date as of the close of trading on Tuesday.

CenterPoint Energy, Inc., through its subsidiaries, operates as a public utility company in the United States. The company has a P/E ratio of 16.1, equal to the average utilities industry P/E ratio and equal to the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

CenterPoint Energy Ratings Report

.

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