Entergy Corporation (ETR, Financial) experienced a significant stock decline, dropping 5.01% to $147.02. The trading volume reached 1.755 million shares with a turnover rate of 0.82% and a price fluctuation of 4.81%. Recent earnings reports show Entergy achieved a revenue of $2.954 billion, a net profit of $51.73 million, earnings per share of $0.23, and a gross profit of $881 million, with a price-to-earnings ratio of 17.87.
Regarding institutional ratings, 65% of the 20 institutions covering the stock recommend buying, 25% suggest holding, and 10% advise selling. The broader energy and power sector saw an overall decline of 1.27%.
Among related stocks, Argentine North Power Company and Idacorp, Inc. showed notable gains, while Oklo Inc., New Fortress Energy Inc., and Hawaiian Electric were particularly active, with turnover rates of 12.95%, 1.99%, and 1.27% respectively. Stocks like Oklo Inc. and New Fortress Energy Inc. also exhibited significant price volatility.
Entergy is a holding company with five regulated utility subsidiaries providing electricity to about three million customers in Arkansas, Louisiana, Mississippi, and Texas. It operates 24 GW of regulated generation capacity and was once the second-largest nuclear operator in the U.S. The company plans to sell two small natural gas utilities in Louisiana.
