StockCall Insight Into CenterPoint and Public Service Enterprise: Utility Companies Offer Solid Dividends

Feb 21, 2013, 07:30 ET from

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 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).

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