NEW YORK ( TheStreet) -- CenterPoint Energy Inc (NYSE: CNP) hit a new 52-week high Monday as it is currently trading at $20.46, above its previous 52-week high of $20.45 with 907,139 shares traded as of 11:30 a.m. ET. Average volume has been 4.8 million shares over the past 30 days.

CenterPoint Energy has a market cap of $8.4 billion and is part of the utilities sector and utilities industry. Shares are up 28.1% year to date as of the close of trading on Friday.

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company has a P/E ratio of 21, above the average utilities industry P/E ratio of 16.3 and above the S&P 500 P/E ratio of 17.7.
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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 revenue growth, notable return on equity, growth in earnings per share, compelling growth in net income and good cash flow from operations. 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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