NEW YORK (

TheStreet

) --

CenterPoint Energy

(NYSE:

CNP

) hit a new 52-week high Thursday as it is currently trading at $18.43, above its previous 52-week high of $18.40 with 3.1 million shares traded as of 2:51 p.m. ET. Average volume has been 4.7 million shares over the past 30 days.

CenterPoint Energy has a market cap of $7.8 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 16.7% year to date as of the close of trading on Wednesday.

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CenterPoint Energy, Inc., through its subsidiaries, operates as a public utility company in the United States. The company has a P/E ratio of 17.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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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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