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Entergy (NYSE:ETR) Louisiana, LLC’s preferred stock (ELC) has reached a new 52-week low, trading at $20.44, while maintaining an annual dividend of $1.22 per share. According to InvestingPro data, the company generates annual revenue of $5.14 billion with a healthy gross profit margin of 44.2%. This latest price point underscores a period of bearish sentiment for the utility company’s stock, which has seen a decline of 9.27% over the past year. Investors are closely monitoring the stock as it navigates through market conditions that have pushed it to this low threshold, reflecting broader trends in the utility sector and investor reactions to the company’s performance and prospects. The company maintains a solid current ratio of 1.27 and generates substantial EBITDA of $1.98 billion, though revenue showed a slight decline of 0.07% in the last twelve months.
In other recent news, Entergy Louisiana, LLC has completed a significant financial transaction with the sale of $750 million in mortgage bonds. According to a filing with the Securities and Exchange Commission, these Collateral Trust Mortgage Bonds, carrying a 5.80% interest rate, are due on March 15, 2055. This issuance is part of Entergy Louisiana’s long-term financing strategy, providing a stable debt instrument for the next 30 years. The bonds were offered under an automatic shelf Registration Statement on Form S-3, which became effective upon filing. Legal documentation related to the bond issuance, including various supplemental indentures, was detailed in the company’s 8-K filing. Legal opinions were provided by Morgan, Lewis (JO:LEWJ) & Bockius LLP, Dawn A. Balash of Entergy Services, LLC, and Husch Blackwell LLP. This bond sale is a reflection of Entergy Louisiana’s ongoing financial activities and capital management efforts. These recent developments highlight the company’s strategic financial maneuvers in the market.
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