ETR Stock Summary and Trading Ideas (Entergy | NYSE:ETR)

Entergy is a holding company with five regulated integrated utilities that generate and distribute electricity to about 3 million customers in Arkansas, Louisiana, Mississippi, and Texas. It is one of the largest power producers in the country with approximately 23 gigawatts of rate-regulated utility-owned power generation capacity. Entergy was the second-largest nuclear owner in the U.S. before it began retiring and selling its plants in the Northeast in 2014.

Entergy trades on the NYSE stock market under the symbol ETR.

As of April 18, 2024, ETR stock price climbed to $103.75 with 1,594,421 million shares trading.

ETR has a beta of 0.58, meaning it tends to be less sensitive to market movements. ETR has a correlation of 0.13 to the broad based SPY ETF.

ETR has a market cap of $22.12 billion. This is considered a Large Cap stock.

Last quarter Entergy reported $3 billion in Revenue and $.52 earnings per share. This fell short of revenue expectation by $-1 billion and met earnings estimates .

In the last 3 years, ETR stock traded as high as $126.82 and as low as $87.10.

The top ETF exchange traded funds that ETR belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.

ETR has underperformed the market in the last year with a return of -0.7%, while the SPY ETF gained +22.3%. In the last 3 month period, ETR fell short of the market, returning +4.1%, while SPY returned +6.1%. However, in the most recent 2 weeks ETR has outperformed the stock market by returning -0.6%, while SPY returned -3.8%.

ETR support price is $101.92 and resistance is $104.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETR stock will trade within this expected range on the day.