StockCall Insight Into CenterPoint and Public Service Enterprise: Utility
Companies Offer Solid Dividends
LONDON, February 21, 2013
LONDON, February 21, 2013 /PRNewswire/ --
Utility companies are performing well and this trend is likely to continue.
The sector is also seeing moderate merger and acquisition activity, leading to
consolidation in the industry. Public Service Enterprise Group Inc. (NYSE:
PEG) is scheduled to announce good results and the company is also planning to
upgrade its infrastructure in order to increase efficiency and safeguard
against natural disasters. CenterPoint Energy Inc. (NYSE: CNP) is also
expanding by purchasing outright stake in its Waskom joint venture. The
company also offers good dividend payments. StockCall has issued technical
analysis and charting reports on CenterPoint Energy and Public Service
Enterprise. Download these free reports now at
CenterPoint Energy Gets Favorable Judgement
CenterPoint Energy engages in regulated natural gas and electric transmission.
It derives a major portion of its revenue from regulated services and hence
has the stability factor in its favor. The company's stock is up 7.5 percent
so far this year and offers 4.01 percent dividend yield. CenterPoint recently
announced $0.2075 per share in cash dividend, payable on March 8 ^th . The
company has a long history of paying dividend and hence its stock is good for
income investors. It also has a track record of increasing dividend payments
as its new quarterly dividend amount is higher than the previous year's
quarterly dividend of $0.2025 per share. Download the free research on
CenterPoint Energy Inc. today by registering at
CenterPoint is boosting its operations. The company finalized the purchase of
interest in its Waskom JV late last year. While its previous quarterly numbers
were shaky, the company has better prospects for the future and its stock is
expected to follow the lead. It is also likely to benefit from a ruling on a
multi-year rate case, which was decided in the company's favor.
CenterPoint also plans to restructure its business as the company mulls
setting up of a Master Limited Partnership. Setting up of MLP will help the
company in managing its finances in a more efficient way. Overall, the stock
offers a good opportunity for investors.
Public Service Enterprise to Upgrade Infrastructure
Public Service Enterprise raised its dividend payment by 1.4 percent to 36
cents per share. Its earlier dividend payment stood at 35.5 cents per share
and this marks the ninth instance of dividend increase in the past ten years.
The company currently offers 4.54 percent dividend yield, making it an
interesting stock for investors looking for regular income. Sign up and have
access to our free report on Public Service Enterprise Group Inc. at
Public Service Enterprise is on the path to increase its operations and
achieve efficiency. The company recently announced its CAPEX plans for the
next decade as it plans to spend up to $3.9 billion to increase the safety
quotient of its infrastructure. It has asked regulators to approve its plan to
upgrade its pipes and substations. Public Service Enterprise is a leading
utility player in New Jersey.
The company has some good news as its costs are considerably reduced due to
lower natural gas prices. However, any rise in input costs may make it
reconsider its long-term plans. The company is set to announce its full year
and fourth quarter results today, which are expected to be a positive catalyst
for the stock (Results were unavailable at time this article was finished).
StockCall.com is a financial website where investors can have easy, precise
and comprehensive research and opinions on stocks making the headlines. Sign
up today to talk to our financial analyst at
Contact: Contact Person: William T. Knight, Email: email@example.com, Contact
Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
Press spacebar to pause and continue. Press esc to stop.