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Friday, September 29, 2023

Entergy Corporation (NYSE: ETR): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Entergy Corporation (ETR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $95.74. The Entergy Corporation has recorded 19,140 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Entergy To Provide Free Legal Assistance to Rolling Fork Tornado Survivors.

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Stocks Info

ETR belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $95.74 and fluctuated between $96.12 as its day high and $94.90 as its day low. The current market capitalization of Entergy Corporation is $20.05B. A total of 1.06 million shares were traded on the day, compared to an average of 1.65M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ETR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 73 BUYs and 71 SELLs from insiders. Insiders purchased 78,022 shares during that period but sold 40,296.

In the most recent transaction, Brown Marcus V sold 13,500 shares of ETR for 95.40 per share on Sep 12. After the transaction, the EVP & General Counsel now owns 9,251 company shares. In a previous transaction on Mar 09, RODRIGUEZ DEANNA D. sold 300 shares at 103.96 per share. ETR shares that “Officer” Under Sec. 16 Rules owns now total 3,269.

Among the insiders who sold shares, HERMAN ALEXIS M disposed of 213 shares on Mar 08 at a per-share price of $103.82. This resulted in the Director holding 7,388 shares of ETR after the transaction. In another insider transaction, MINOR ANASTASIA bought 2,500 shares at $107.50 per share on Feb 27. Company shares held by the “Officer” Under Sec. 16 Rules now total 4,462.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Entergy Corporation pays an annual dividend of $4.28, resulting in a dividend yield of 4.47%, and it has a price to earnings (P/E) ratio of 14.60. ETR’s most recent ex-dividend date was 8/10/2023 when it declared a $1.07 quarterly dividend that was paid in cash on 9/1/2023. Previously, the company paid the dividend on 6/1/2023 with an ex-dividend date of 5/3/2023. The ETR stock dividend was $1.07 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ETR in the last 3 months, the mean price target is $112.22 with high estimates of $125.00 and low estimates of $94.00. In terms of 52-week highs and lows, ETR has a high of $122.11 and a low of $91.80.

As of this writing, ETR has an earnings estimate of $2.9 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $3.07 per share and a lower estimate of $2.67. The company reported an EPS of $1.14 in the last quarter, which was -19.70% lower than expectations of $1.42.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ETR’s latest balance sheet shows that the firm has $442.56M in Cash & Short Term Investments as of fiscal 2021. There were $27.08B in debt and $6.19B in liabilities at the time. Its Book Value Per Share was $62.60, while its Total Shareholder’s Equity was $11.71B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ETR is Buy with a score of 3.87.

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