CenterPoint Energy Reaches New 52-Week High (CNP)

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 ( TheStreet) -- CenterPoint Energy (NYSE: CNP) hit a new 52-week high Thursday as it is currently trading at $24.24, above its previous 52-week high of $24.20 with 143,684 shares traded as of 9:50 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

CenterPoint Energy has a market cap of $10.24 billion and is part of the utilities sector and utilities industry. Shares are up 25.2% year to date as of the close of trading on Wednesday.

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company has a P/E ratio of 24.7, 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 solid stock price performance, increase in net income, growth in earnings per share and good cash flow from operations. 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 CenterPoint Energy Ratings Report.

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