Entergy Corporation (ETR) has been in the limelight in recent weeks. The company has been selected by Crescent Midstream to develop an integrated carbon capture solution for its natural gas power plant. Despite losses, ETR stock has been outperforming competitors. Barrow Hanley Mewhinney & Strauss LLC stake in Entergy has reached $741.14 million. ETR has also been supporting its customers to “Beat the Heat” with a $3 million investment. Insider sales have been noted with EVP & COO Norgeot Peter S Jr selling multiple batches of shares. The company's Q2 earnings have topped estimates, and revenues have risen year-over-year. ETR has initiated their 2024 financial guidance indicating their long-term vision. ETR and NextEra Energy Resources have announced an agreement to develop up to 4.5 GW of new solar and energy storage projects. Stakeholders have responded positively as its intrinsic value is potentially 28% above its share price. ETR continues to be a strong player in the energy sector with new price targets and increased positions by various investment firms. Lastly, the company has seen large growth in short interest and continues to provide quarterly dividends to its shareholders.
