CenterPoint Energy, Inc. has been given a buy rating by UBS due to its strong position in the energy sector. The company specializes in distributing natural gas and electricity and has a well-diversified revenue stream.
Electricity sales make up 49.3% of total revenue, followed closely by natural gas end-user distribution at 49.2%. The remaining 1.5% of sales come from other activities.
UBS's endorsement reflects confidence in CenterPoint Energy's operational capabilities and market strategy, making it an attractive option for investors seeking stability in the energy distribution sector.