CenterPoint Energy Announces $250 Million Public Stock Offering

Published 1 days agoCNP

CenterPoint Energy Announces $250 Million Public Stock Offering

CenterPoint Energy, Inc. has announced the pricing of its public stock offering, intending to raise approximately $250 million in gross proceeds. The company is offering 9,754,194 shares of common stock at a price of $25.63 per share. This marks a strategic move to bolster the company's financial standing and support ongoing initiatives.

Key details of the offering include support from Barclays Capital Inc. and Citigroup, who are acting as joint book-running managers and underwriters. CenterPoint Energy plans to use the net proceeds for general corporate purposes, such as repaying a portion of its outstanding commercial paper. The offering is conducted under the company's effective shelf registration statement on Form S-3, previously filed with the SEC.

CenterPoint Energy's recent stock performance has been strong, with its stock reaching a 52-week high of $37.71. According to Investing.com, this reflects a notable 28.39% increase over the past year. The public offering represents the company's continued efforts to enhance its financial flexibility and support its strategic goals.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Ben & Jerry's Sparks Tension with Unilever Over Gaza Conflict

Ben & Jerry's Sparks Tension with Unilever Over Gaza Conflict

11 minutes agoUL

Ben & Jerry's, known for its social activism, recently intensified its stance on the Gaza conflict by declaring the situation in Gaza a 'genocide'. This bold statement, made on May 29, 2025, marks a significant move in the company's commitment to human rights and peace, directly aligning with global protests and activism. This declaration has added to the growing tension between Ben & Jerry's and its parent company, Unilever, which has been ongoing due to differing views on social issues, as reported by Reuters. In March 2025, Ben & Jerry's filed a lawsuit against Unilever, accusing them of unlawfully removing CEO David Stever due to the brand's social and political activities. The lawsuit claims that Unilever violated the terms of their 2000 acquisition by dismissing Stever without consulting Ben & Jerry's advisory committee. Allegations of censorship also surfaced in November 2024, with Ben & Jerry's accusing Unilever of attempting to silence the brand's support for Palestinian refugees, as covered by AP News. The tensions between Ben & Jerry's and Unilever originated back in 2021 when the ice cream maker decided to halt sales in Israeli settlements in the occupied West Bank, considering the move inconsistent with its values. This action led to legal disputes and Unilever's sale of Ben & Jerry's Israel division, a decision that Ben & Jerry's opposed. The ongoing disputes highlight the complexities companies face in balancing governance with activism and brand integrity.

Wells Fargo Offloads $4.4 Billion Rail Assets to New Joint Venture

Wells Fargo Offloads $4.4 Billion Rail Assets to New Joint Venture

26 minutes agoWFC

Wells Fargo has struck a deal to sell its $4.4 billion rail equipment leasing business to a fresh joint venture between GATX Corporation and Brookfield Infrastructure. The transaction includes Wells Fargo's entire rail operating lease, featuring around 105,000 railcars. Additionally, the rail finance lease portfolio, comprising roughly 23,000 railcars and 440 locomotives, will be acquired by Brookfield Infrastructure separately. In terms of ownership, the joint venture will initially see GATX holding a 30% stake while Brookfield Infrastructure will take 70%. GATX also retains an option to eventually buy full ownership, and they will be responsible for all commercial and operational management of the venture. According to Reuters, these details underscore the strategic roles each company will play in the partnership. Wells Fargo has explained that this transaction fits into its broader strategy to simplify its operations and concentrate on its core client-focused services. Despite the size of the deal, it is not projected to majorly impact Wells Fargo's financial stance or earnings. This move follows their earlier acquisition of GE’s railcar leasing business in 2015, which significantly expanded its fleet.

Marvell Technology Sees AI-Driven Surge in Latest Earnings

Marvell Technology Sees AI-Driven Surge in Latest Earnings

41 minutes agoMRVL

Marvell Technology has delivered robust financial results, exceeding market expectations thanks to a significant boost from artificial intelligence contributions. For the quarter ending May 3, 2025, the company reported revenue of $1.9 billion, slightly above analysts' forecasts of $1.88 billion, as noted by Reuters. AI initiatives are playing a critical role in Marvell's revenue growth, especially within their data center segment. This segment alone contributed $1.44 billion to first-quarter earnings. AI's influence is apparent as it accounted for over 10% of the company's total revenue in fiscal 2024, a marked increase from about 3% the previous year, according to Yahoo Finance. Marvell's expansion into AI includes new contracts to design custom chips for major cloud service providers like Amazon. Looking ahead, Marvell projects continued strong performances, with anticipated revenue for the second quarter around $2 billion, outpacing the average forecast of $1.98 billion. The company is positioning itself deeply within the AI landscape, expecting AI-related revenue to exceed $1.5 billion in the current fiscal year and aiming to surpass a $2.5 billion target in fiscal 2026, solidifying its strategic focus on AI-powered growth.

Ulta Beauty Lifts Annual Profit Forecast on Robust Consumer Demand

Ulta Beauty Lifts Annual Profit Forecast on Robust Consumer Demand

56 minutes agoULTA

Ulta Beauty has adjusted its annual profit forecast upwards following a strong quarterly performance, emphasizing robust consumer demand and successful brand introductions. The company's net sales hit $2.85 billion, outpacing analyst expectations of $2.79 billion. Similarly, comparable sales grew by 2.9%, marked by a 2.3% increase in average ticket size and a 0.6% rise in transactions, while adjusted profit per share reached $6.70, significantly above the predicted $5.81. The retailer now anticipates an annual profit per share ranging from $22.65 to $23.20, a clear hike from its previous estimate of $22.50 to $22.90. This optimistic outlook is supported by the successful launch of new products like Milk Makeup and K-Beauty lines, along with a surge in foot traffic from younger consumers drawn to trendy and affordable brands such as Elf Beauty. Celebrity-endorsed products, especially Fenty Beauty, have also contributed to this positive trend, bolstering Ulta's market position. Reuters reported that Ulta continues to face challenges in the luxury segment largely due to tariff uncertainties. Nevertheless, its strategic investments in digital and marketing initiatives, alongside a steady portfolio of trendy offerings, have enabled Ulta Beauty to navigate these hurdles effectively. Looking ahead, the company envisions a modest growth for fiscal 2025, with comparable sales predicted to range from stable to a slight increase of 1.5%.