Entergy Corp (NYSE: ETR) Not A Good Play Anymore?

Entergy Corp (ETR) concluded trading on Thursday at a closing price of $154.78, with 6.0 million shares of worth about $928.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.44% during that period and on October 31, 2024 the price saw a gain of about 15.16%. Currently the company’s common shares owned by public are about 213.83M shares, out of which, 213.38M shares are available for trading.

Stock saw a price change of 12.59% in past 5 days and over the past one month there was a price change of 16.61%. Year-to-date (YTD), ETR shares are showing a performance of 52.96% which increased to 61.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $94.63 but also hit the highest price of $138.24 during that period. The average intraday trading volume for Entergy Corp shares is 1.70 million. The stock is currently trading 14.97% above its 20-day simple moving average (SMA20), while that difference is up 19.83% for SMA50 and it goes to 37.74% higher than SMA200.

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Entergy Corp (NYSE: ETR) currently have 213.83M outstanding shares and institutions hold larger chunk of about 92.28% of that.

The stock has a current market capitalization of $33.10B and its 3Y-monthly beta is at 0.73. PE ratio of stock for trailing 12 months is 18.50, while it has posted earnings per share of $8.37 in the same period. Its PEG reads 2.64 and has Quick Ratio of 0.58 while making debt-to-equity ratio of 1.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ETR, volatility over the week remained 3.28% while standing at 1.70% over the month.

Stock’s fiscal year EPS is expected to rise by 6.57% while it is estimated to increase by 7.01% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 19.11% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on September 17, 2024 offering an Overweight rating for the stock and assigned a target price range of between $115 and $138 to it. Coverage by BofA Securities stated Entergy Corp (ETR) stock as a Buy in their note to investors on November 21, 2023, suggesting a price target of $110 for the stock. On November 08, 2023, RBC Capital Mkts Downgrade their recommendations, while on November 06, 2023, UBS Upgrade their ratings for the stock with a price target of $118. Stock get an Overweight rating from KeyBanc Capital Markets on October 05, 2023.

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