The Connecticut Light and Power Company (CNLPL) Stock
The Connecticut Light and Power Company (CL&P) operates as a regulated electric utility. Its primary function involves the procurement, distribution, and retail sale of electricity to a diverse customer base, including households, businesses, and industrial facilities.
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About The Connecticut Light and Power Company
The Connecticut Light and Power Company (CL&P) operates as a regulated electric utility. Its primary function involves the procurement, distribution, and retail sale of electricity to a diverse customer base, including households, businesses, and industrial facilities. As of December 31, 2021, CL&P served roughly 1.27 million retail customers across 149 cities and towns throughout Connecticut, covering an expansive service area of 4,400 square miles. The company, which was established in 1927, maintains its corporate headquarters in Berlin, Connecticut, and is a subsidiary of Eversource Energy.
The Connecticut Light and Power Company is headquartered in US.
The Connecticut Light and Power Company (CNLPL) stock trades at $52.30 with a market capitalization of $315.64M. The stock is valued at a price-to-earnings (P/E) ratio of 13.58, price-to-book of 0.01, price-to-sales of 0.02. Over the past 52 weeks the stock has ranged between $51.20 and $54.00, and currently trades 3.1% below its 52-week high. It pays a dividend yielding 6.20%.
On profitability, The Connecticut Light and Power Company generates a return on equity (ROE) of 0.47%, return on capital employed of 2.92%, an operating margin of 55.53%, a net profit margin of 1.87%.
Official website: www.cl-p.com/companyinfo/clphistory.asp