Entergy Corporation (ETR) Monthly Report
Publication Date: September 22, 2024
Company Overview
Entergy Corporation (ETR), headquartered in New Orleans, Louisiana, stands as a prominent player in the regulated electric utilities sector, serving Arkansas, Louisiana, Mississippi, and Texas. Founded in 1913, Entergy generates and distributes electricity with a diversified energy mix of natural gas, nuclear, coal, hydroelectric, and solar power, totaling approximately 24,000 megawatts of generating capacity. With a customer base of around 3 million utility customers, Entergy has established a robust position in the energy market. The company reported total revenues of approximately $12.07 billion, reflecting its solid financial foundation and operational stability. Entergy is recognized for its reliability as an energy provider, making ETR a stable investment option.
Stock Performance and Analyst Recommendations
Currently, Entergy’s stock is trading at $129.25, nearing its fifty-two week high of $129.70, which indicates strong investor confidence. The stock’s target high price is set at $143.00, signaling substantial upside potential, while the target mean price is projected at $125.89. This outlook is echoed by 17 analysts who have placed a consensus recommendation of “buy,” demonstrating confidence in Entergy’s future performance. Short interest is relatively low, with 2,961,079 of the 213,831,008 shares shorted, accounting for approximately 0.0158% of the company’s float. This limited short-selling activity underscores a generally positive sentiment among investors regarding Entergy’s market trajectory.
Insights into Volatility and Trading Indicators
Entergy’s historical volatility reveals a significant range, with a fifty-two week low of $87.10. The fifty-day moving average stands at $118.29, indicating a substantial upward movement as the current price sits notably above this average. The compound effect of these indicators suggests a bullish trend, with potential for continued interest from buyers. The stock price’s proximity to the annual peak, coupled with favorable revenue figures, establishes Entergy Corporation as a compelling investment within the regulated electric utilities segment. Overall, with an emphasis on growth and stability, investors can consider ETR as a viable opportunity going forward.
| Metric | Value |
|---|---|
| Market Cap | $27.6b |
| Total Debt | $28.8b |
| Total Cash | $1.4b |
| Shares Outstanding | 213.8m |
| Float Shares | 212.7m |
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