EU and US could reach trade deal this weekend - Reuters
Entergy Corporation (NYSE:ETR) stock reached an all-time high of 88.4 USD, marking a significant milestone for the energy company. With a market capitalization of $38.05 billion, the utility giant maintains a strong market presence. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value. This achievement comes amid a remarkable 1-year total return of 61.92%, with a solid 16.47% gain year-to-date. The company’s impressive performance over the past year reflects strong investor confidence and a positive market outlook, supported by its consistent dividend payments for 38 consecutive years and a current dividend yield of 2.76%. As Entergy continues to expand its operations and enhance its service offerings, the stock’s upward trajectory underscores its potential for sustained growth in the energy sector. InvestingPro data reveals 8 additional key insights about Entergy’s financial health and future prospects, available to subscribers along with comprehensive analysis in the Pro Research Report.
In other recent news, Entergy Corporation reported its first-quarter earnings for 2025, surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $0.82, compared to the forecasted $0.69. However, the company’s revenue fell short, coming in at $3.02 billion against the anticipated $3.08 billion. Entergy has also completed the sale of its natural gas distribution business to Delta Utilities, a move that involved about 3,700 miles of natural gas pipelines and 2,200 miles of service lines, serving approximately 204,000 homes and businesses in Louisiana.
Additionally, Entergy settled forward sale agreements, delivering around 15.56 million shares of its common stock and receiving cash proceeds of approximately $806 million. This settlement is part of an equity distribution program initiated in 2021, which allowed for the sale of shares up to $4 billion. These developments reflect Entergy’s ongoing strategic adjustments and financial maneuvers. The company has not announced any analyst upgrades or downgrades in the context of these events.
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