Stock of the Day

Entergy (ETR)

$82.86

+$0.07 (+0.1%)

Market Cap: $35.69B

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

It also engages in the ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides decommissioning services to other nuclear power plant owners. It generates electricity through gas, nuclear, coal, hydro, and solar power sources. The company sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. The company's power plants have approximately 24,000 megawatts of electric generating capacity. It delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy Corporation was founded in 1913 and is headquartered in New Orleans, Louisiana.

Entergy Bull Case

Here are some ways that investors could benefit from investing in Entergy Co.:

• Recent upgrades from analysts, including a price target increase to $93.00, suggest strong potential for growth in Entergy Co.'s stock value.
• The current stock price is around $81.72, which may present a buying opportunity for investors looking for value in the utilities sector.
• Entergy Co. has a consensus rating of "Moderate Buy," indicating positive sentiment among analysts regarding the company's future performance.
• Institutional ownership is high, with over 88% of shares held by institutional investors, which often reflects confidence in the company's stability and growth prospects.
• Entergy Co. has shown resilience with a market cap of approximately $35.20 billion, indicating a solid position in the market despite fluctuations.

Entergy Bear Case

Investors should be bearish about investing in Entergy Co. for these reasons:

• Recent price target reductions by analysts, including a drop to $87.00, may signal concerns about the company's near-term performance.
• The company's debt-to-equity ratio of 1.91 indicates a relatively high level of debt compared to equity, which could pose risks in a rising interest rate environment.
• Entergy Co. has a current ratio of 0.82, suggesting potential liquidity issues, as it may not have enough short-term assets to cover its short-term liabilities.
• Despite a strong market presence, the stock has experienced volatility, with a 52-week range between $53.14 and $88.38, indicating potential risks for investors.
• Analysts have mixed ratings, with six holding a "hold" rating, which may suggest uncertainty about the stock's future performance.

Recent News

• US nuclear plant operators sued in class action over worker pay (reuters.com)
• Luling residents: Here’s when Entergy’s planned outage will hit (msn.com)
• Barclays Adjusts Price Target for Entergy (ETR) to $87 | ETR Stock News (gurufocus.com)
• Entergy (ETR) Price Target Revised by Barclays Ahead of Earnings | ETR Stock News (gurufocus.com)
• Entergy Corporation: Entergy Helping Customers Stay Cool and Save Money With Bill Management Tools and Resources (finanznachrichten.de)