EntergyETR
Market Cap: $26B
About: 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 24 gigawatts of rate-regulated owned and leased 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.
Employees: 12,177
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more call options, than puts
Call options by funds: $64.3M | Put options by funds: $31.3M
49% more repeat investments, than reductions
Existing positions increased: 381 | Existing positions reduced: 255
17% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 93
2.94% more ownership
Funds ownership: 88.46% [Q1] → 91.41% (+2.94%) [Q2]
2% more funds holding
Funds holding: 872 [Q1] → 888 (+16) [Q2]
5% more capital invested
Capital invested by funds: $19.9B [Q1] → $20.9B (+$950M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 12 [Q1] → 12 (+0) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
B of A Securities Paul Zimbardo 100% 1-year accuracy 2 / 2 met price target | 13%upside $138 | Buy Maintained | 29 Aug 2024 |
Morgan Stanley Stephen Byrd 60% 1-year accuracy 40 / 67 met price target | 11%downside $109 | Underweight Maintained | 23 Aug 2024 |
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target | 2%downside $119 | Sector Perform Maintained | 20 Aug 2024 |
JP Morgan Jeremy Tonet 88% 1-year accuracy 22 / 25 met price target | 16%upside $141 | Overweight Maintained | 12 Aug 2024 |
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target | 7%upside $131 | Outperform Maintained | 5 Aug 2024 |