Entergy Corporation (ETR), despite a few daily losses, has been outperforming competitors. Top executives, including CEO Andrew Marsh, and Eliecer Viamontes, have been selling significant amounts of company stock. Despite this, analysts have maintained a 'moderate buy' recommendation for the firm.
SVB Wealth LLC has a $7 million stake in Entergy, and
Van ECK Associates Corp recently acquired company shares. The firm's intrinsic value is potentially 28% above its current share price, based on recent financial reports. ETR's Q2 earnings surpassed estimates, and revenue has increased year on year. Coupled with solid first-quarter 2024 earnings, this might be the reason behind the stock's 5.6% rise in the past week alone, reaching a new 1-year high at $123.73. The company has also announced a collaboration with NextEra Energy Resources to develop up to 4.5 GW of new solar and energy storage projects, signaling a commitment to renewable energy sources. Furthermore, Entergy announced an increase in dividend payouts and has recently sold its gas distribution business to Bernhard Capital Partners. However, the firm carries a substantial debt burden.
Entergy Corporation ETR News Analytics from Wed, 02 Aug 2023 07:00:00 GMT to Sun, 08 Sep 2024 11:16:40 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor -2
