Entergy Corp (NYSE: ETR)’s stock price has gone rise by 0.76 in comparison to its previous close of 149.89, however, the company has experienced a 2.32% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron’s Weekly. In an interview with Barron’s, Steven Wieting, strategist at Citi Wealth, stated a growing dividend is a shareholder benefit and a hallmark of strong balance-sheets. “Nobody can fake a dividend,” he-said.
Is It Worth Investing in Entergy Corp (NYSE: ETR) Right Now?
Entergy Corp (NYSE: ETR) has a higher price-to-earnings ratio of 18.38x compared to its average ratio. ETR has 36-month beta value of 0.70. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 0 as “sell.”
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The public float for ETR is 213.96M, and currently, short sellers hold a 1.84% ratio of that float. The average trading volume of ETR on November 20, 2024 was 1.83M shares.
ETR’s Market Performance
The stock of Entergy Corp (ETR) has seen a 2.32% increase in the past week, with a 11.89% rise in the past month, and a 27.13% gain in the past quarter. The volatility ratio for the week is 1.66%, and the volatility levels for the past 30 days are at 2.52% for ETR. The simple moving average for the past 20 days is 4.15% for ETR’s stock, with a 30.47% simple moving average for the past 200 days.
Analysts’ Opinion of ETR
Many brokerage firms have already submitted their reports for ETR stocks, with Morgan Stanley repeating the rating for ETR by listing it as a “Equal-Weight.” The predicted price for ETR in the upcoming period, according to Morgan Stanley is $150 based on the research report published on November 04, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see ETR reach a price target of $154, previously predicting the price at $138. The rating they have provided for ETR stocks is “Neutral” according to the report published on November 04th, 2024.
Barclays gave a rating of “Overweight” to ETR, setting the target price at $138 in the report published on September 17th of the current year.
ETR Trading at 10.49% from the 50-Day Moving Average
After a stumble in the market that brought ETR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.71% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +10.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.36% upper at present.
During the last 5 trading sessions, ETR rose by +2.15%, which changed the moving average for the period of 200-days by +51.61% in comparison to the 20-day moving average, which settled at $145.00. In addition, Entergy Corp saw 49.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ETR starting from FISACKERLY HALEY, who sale 4,134 shares at the price of $149.03 back on Nov 12 ’24. After this action, FISACKERLY HALEY now owns 2,016 shares of Entergy Corp, valued at $616,090 using the latest closing price.
COOK-NELSON KIMBERLY, the EVP & Chief Nuclear Officer of Entergy Corp, sale 25,557 shares at $148.77 during a trade that took place back on Nov 08 ’24, which means that COOK-NELSON KIMBERLY is holding 10,174 shares at $3,802,115 based on the most recent closing price.
Stock Fundamentals for ETR
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.36 for the gross margin
The net margin for Entergy Corp stands at 0.15. The total capital return value is set at 0.04. Equity return is now at value 12.09, with 2.82 for asset returns.
Based on Entergy Corp (ETR), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.93. The interest coverage ratio of the stock is 2.1.
Currently, EBITDA for the company is 4.92 billion with net debt to EBITDA at 6.05. When we switch over and look at the enterprise to sales, we see a ratio of 5.07. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To put it simply, Entergy Corp (ETR) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
