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 US before it began retiring and selling its plants in the Northeast in 2014. It plans to sell its two small gas utilities in Louisiana.

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

As of May 10, 2024, ETR stock price climbed to $111.99 with 1,504,119 million shares trading.

ETR has a beta of 0.47, meaning it tends to be less sensitive to market movements. ETR has a correlation of 0.09 to the broad based SPY ETF.

ETR has a market cap of $23.91 billion. This is considered a Large Cap stock.

Last quarter Entergy reported $3 billion in Revenue and $1.08 earnings per share. This fell short of revenue expectation by $-365 million and missed earnings estimates by -$.43.

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 stock has underperformed the market in the last year with a return of +8.2%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ETR shares. However, ETR has outperformed the market in the last 3 month and 2 week periods, returning +15.5% and +6.2%, while SPY returned +4.2% and +2.5%, respectively. This indicates ETR has been having a stronger performance recently.

ETR support price is $110.07 and resistance is $112.89 (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.