StockCall Insight Into CenterPoint and Public Service Enterprise: Utility Companies Offer Solid Dividends
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 8th. 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
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.
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).
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