CenterPoint Energy sees FY effective tax rate of 37% Sees natural gas utilities growing operating income at CAGR 4%-5% over next five years. Sees FY Utility Operations EPS 72c-76c. Sees FY Midstream Investments EPS 42c-45c. Plans to grow dividend at CAGR of 8%-10% over next three years. Comments made on the Q2 earnings conference call.
CenterPoint Energy downgraded to Neutral from Buy at Citigroup Citigroup downgraded CenterPoint Energy to Neutral citing its conservative stance and revised valuation on Enable Midstream (ENBL). Citi lowered its price target for CenterPoint shares to $25 from $28.