Entergy Corporation ($ETR) Stock Forecast: Down 5.1% Today

What is Entergy Corporation?

Entergy (ETR) is a utility company listed on the NYSE. Today, the stock experienced a strong bearish movement in the market.

Why is Entergy Corporation going down?

ETR stock is down 5.1% on Nov 1, 2024 16:15

• Despite Entergy (ETR) delivering Q3 earnings that topped estimates, the stock witnessed a bearish movement possibly due to profit-taking by investors.
• The news of a 6.2% hike in dividend by Entergy Corporation's Board could not offset the overall bearish sentiment in the market.
• The warning about potential crashes in the utilities sector may have influenced investor sentiment towards Entergy (ETR), contributing to the bearish movement.
• The bearish movement in ETR could also be attributed to broader market trends or sector-specific concerns impacting investor confidence in utility stocks.

ETR Price Chart

ETR Technical Analysis

ETR News

Top 2 Utilities Stocks That May Crash This Quarter - Entergy ( NYSE:ETR )

As of Nov. 1, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go ...

https://www.benzinga.com/news/24/11/41680742/top-2-utilities-stocks-that-may-crash-this-quarter

Entergy ( ETR ) Q3 Earnings Top Estimates

Entergy (ETR) delivered earnings and revenue surprises of 2.75% and 2.02%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2361439/entergy-etr-q3-earnings-top-estimates

Entergy Corporation's Board Approves 6.2% Hike in Dividend

ETR continues to reward shareholders with dividend hikes. The company has consistently paid cash dividends to shareholders on its common shares since 1988.

https://www.zacks.com/stock/news/2359532/entergy-corporations-board-approves-62-hike-in-dividend

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Entergy Corporation Price History

13.10.2023 - ETR Stock was down 1.9%

• The bearish movement in ETR's stock today can be attributed to the following factors:
• 1. Ownership Shifts: The article mentions that despite ownership shifts, ETR received an upgrade from UBS. This could have created uncertainty among investors, leading to a bearish market movement.
• 2. Lack of Market Confidence: The strong Q3 earnings and projected growth mentioned in an article from Seeking Alpha may not have translated into market confidence. Investors might have been expecting even better results, causing a negative sentiment towards the stock.
• 3. Market Overreaction: The positive news about Entergy's sponsorship of the 50th Annual Bayou Classic and recognition of its employee resource groups in an article from Finanz Nachrichten, 3, and 4 did not seem to have a significant impact on the stock. This suggests that the market may have overreacted to other factors, leading to the bearish movement.
• 4. Overall Market Conditions: It is important to consider the overall market conditions as well. If there was a broader bearish sentiment in the market or negative news impacting the utility sector, it could have influenced ETR's stock movement.

21.07.2023 - ETR Stock was down 1.4%

• The bearish movement in ETR's stock today could be attributed to the following factors:
• 1. an article from Zacks Commentary: The comparison between ETR and NextEra Energy (NEE) might have influenced investor sentiment, leading to a decline in ETR's stock.
• 2. an article from The Shreveport Times: The disconnection of customers in Monroe due to high temperatures could have raised concerns about potential revenue loss for Entergy.
• 3. an article from Stocknews.com: The initiation of coverage on ETR with a "hold" rating by StockNews.com might have contributed to the negative sentiment surrounding the stock.
• 4. an article from Finanz Nachrichten: Although unrelated to the stock movement, the focus on addressing food insecurity by Entergy Corporation might not have had a direct impact on the bearish movement.

31.09.2024 - ETR Stock was up 11.7%

• ETR's Q3 earnings surpassed estimates by 2.75% and revenue by 2.02%, showcasing strong financial performance that has bolstered investor confidence.
• Entergy's board recently approved a 6.2% dividend increase, underscoring the company's dedication to rewarding shareholders and attracting more investors to the stock.
• The stock price of ETR reacted positively to the earnings beat and dividend raise, indicating an optimistic outlook on the company's future growth and profitability.

01.10.2024 - ETR Stock was down 5.1%

• Despite Entergy (ETR) delivering Q3 earnings that topped estimates, the stock witnessed a bearish movement possibly due to profit-taking by investors.
• The news of a 6.2% hike in dividend by Entergy Corporation's Board could not offset the overall bearish sentiment in the market.
• The warning about potential crashes in the utilities sector may have influenced investor sentiment towards Entergy (ETR), contributing to the bearish movement.
• The bearish movement in ETR could also be attributed to broader market trends or sector-specific concerns impacting investor confidence in utility stocks.