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 Wednesday as it is currently trading at $21.48, above its previous 52-week high of $21.47 with 1.9 million shares traded as of 1 p.m. ET. Average volume has been three million shares over the past 30 days.
CenterPoint Energy has a market cap of $9.1 billion and is part of the
industry. Shares are up 6% year to date as of the close of trading on Tuesday.
CenterPoint Energy, Inc. operates as a public utility holding company. The company has a P/E ratio of 12, above the average utilities industry P/E ratio of 6.7 and below the S&P 500 P/E ratio of 17.7.
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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, growth in earnings per share and increase in stock price during the past year. 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
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