Entergy Corporation (ETR) has seen significant activity in recent times. The energy company declared a $0.60 quarterly dividend, continuing a 36-year payout streak. Institutional investors, including
BTC Capital Management,
KBC Group NV, and many others, have boosted their stakes in ETR. In contrast,
Ausbil Investment Management,
Pacer Advisors, and
Barclays have sold their shares. There's growth in short interest in ETR, indicating greater market anticipation.
Ladenburg Thalmann elevated ETR's rating from 'Neutral' to 'Buy', setting a fresh price target at $86.50. ETR's share price has undergone fluctuations, reaching an all-time high of $156.93, crossing above the 200-day moving average, and hitting a 52-week low at $74.14. The corporation has reported earnings for various quarters and announced a two-for-one stock split. ETR has outlined plans to support
Meta's $10 billion data center in Louisiana, signaling potential future growth. Furthermore, ETR and
NextEra Energy have publicized their intent to develop up to 4.5GW of new solar and energy storage projects. However, an SEC settlement regarding accounting control violations led to a $12 million charge, and COO unloaded over $1 million in company stock. Despite some challenges, ETR outline strategic growth plans and aims to exceed expectations.
Entergy Corporation ETR News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sat, 01 Feb 2025 22:00:01 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor 3
