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ETR $75.13

ETR target price
75.13
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140
Entergy Corp.
Type
Public
Traded as NYSE: ETR
S&P 500 Component
Industry Energy industry
Founded 1913
Headquarters Entergy Tower
New Orleans, Louisiana, United States
Key people
Leo Denault (CEO)
Services Electricity (and natural gas in New Orleans and Baton Rouge)
Revenue US$11.4 billion (2013)
Operating income
US$1.4 Billion (2013)
Net income
US$ 712 Million (2013)
Total assets US$43.4 Billion (2013)
Total equity US$9.7 Billion (2013)
Number of employees
14,000
Website http://entergy.com

Entergy Corp. is an integrated energy company engaged primarily in electric power production and retail distribution operations in the Deep South of the United States. It is headquartered in the Central Business District of New Orleans, Louisiana.

Entergy traces its history to November 13, 1913, with the formation of Arkansas Power Company. Founder Harvey C. Couch used sawdust from a lumber company to bring electricity to rural Arkansas. In the 1920s, Couch set his sights on buying electric companies in other states. In 1923, he merged four independent companies in Mississippi into Mississippi Power and Light. Two years later, he formed Louisiana Power and Light to provide power to his Mississippi customers from northern Louisiana's natural gas fields.

Meanwhile, in 1922, Sidney Mitchel of Electric Bond and Share Company (EBASCO), a subsidiary of General Electric, had merged several competing electric utilities in New Orleans into New Orleans Public Service, an EBASCO subsidiary. Mitchel began turning his attention to other territories, and eventually began competing with Couch. The two men ultimately decided to merge their resources. In 1925, Electric Power and Light Corporation, an EBASCO subsidiary headquartered in New Orleans, was formed with Couch as its president. It was the parent company for Mississippi Power and Light, Louisiana Power and Light, New Orleans Public Service, and Arkansas Power and Light.

EBASCO was ordered dissolved in 1949 under the provisions of the Public Utility Holding Company Act. Mississippi Power and Light, Louisiana Power and Light, New Orleans Public Service and Arkansas Power and Light were deemed to be an integrated system, and were reorganized under the control of a new holding company, Middle South Utilities. It changed its name to Entergy in 1989, and merged/bought Gulf States Utilities, based in Beaumont, Texas, as of 12:00 midnight, January 1, 1994.

Since its inception, Entergy has been headquartered in New Orleans. That city had also been home to Entergy's various corporate predecessors since 1925. After Hurricane Katrina hit the city of New Orleans in August 2005, Entergy temporarily relocated the 1,500 employees and contractors who worked at the headquarters to other cities, including Clinton, Mississippi, Little Rock, Arkansas, and The Woodlands, Texas. In April 2006, the company began moving back into its New Orleans headquarters.

Paul Hinnenkamp was named Chief Operating Officer and senior vice president in November 2015. He replaced Mark Savoff, who announced his retirement a few months earlier.

Prior to the use of the current Entergy logo (Shown in the summary box at the upper right of this page), each subsidiary had its own distinctive logo. Upon the renaming of the company from Middle South Utilities System to Entergy, the present logo was adopted.

Louisiana Power and light Company, for example (today's Entergy Louisiana) used this logo (shown at right) extensively from about 1967 to 1989, on buildings equipment, and advertising:

Entergy's service territory includes the southeast corner of Louisiana and the cities of Lafayette and Baton Rouge, the eastern three-fourths of Arkansas and the western half of Mississippi. It also includes part of southeastern Texas, including the Beaumont-Port Arthur-Orange and Conroe-Woodlands-Kingwood areas.

A member of the Fortune 500, Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States after Exelon Corporation. It had annual revenues of more than $11 billion in 2010 and approximately 15,000 employees.

Entergy's main operating segments consist of the U.S. utility segment and the non-utility nuclear segment. The U.S. utility segment provides retail electricity services to approximately 2.7 million customers in Arkansas, Louisiana, Mississippi, and Texas. The non-utility nuclear segment operates a total of nine nuclear power plants:

The company's nuclear division is headquartered in Jackson, Mississippi.

Entergy operates more than 41 plants using natural gas, nuclear, coal, oil and hydroelectric power with approximately 30,000 megawatts of electric generating capacity to serve its 2.7 million customers in the Gulf South. Its extensive transmission system carries approximately 23,000 megawatts of power across more than 15,500 miles (24,900 km) of interconnected lines within a 112,000-square-mile (290,000 km) area.

Entergy is the only U.S. utility to make the Dow Jones Sustainability Index (DJSI) nine years in a row. The DJSI is a listing of the companies whose overall environmental, social and economic sustainability performance scores were in the top 10 percent for their sector. Entergy was named in 2008 to Forbes list of America's Most Trustworthy Companies, a ranking based on corporate governance practices and accounting transparency.

On February 24, 2010, the Vermont Senate voted to prevent the Vermont Public Service Board from issuing the necessary certificate that would allow for the Vermont Yankee plant to have its license renewed for another 20 years. The vote will not affect current operation of the plant, and the issue could be revisited by the legislature in either a special session later in 2010 or in its next regular session in 2011.

Entergy-Texas operates as a wholly owned subsidiary. This was done to prepare the Texas side for de-regulation under Texas law but later Entergy notified the Texas PUC it would not be splitting the Texas side off as a de-regulated operation (to do so would cost billions). So the Texas side has remained connected to the rest of the Entergy network, though it has its own CEO and until 2012, was based where the former Gulf States Utilities was, in Beaumont, Texas. Entergy-Texas has moved to the rapidly developing area of The Woodlands, which is now larger population wise than the Beaumont area.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-16 Future report Set alerts
Q3 2022 2022-11-02 2.84 2.84
Q2 2022 2022-08-03 1.78 1.78
Q1 2022 2022-04-27 1.32 1.32
Q4 2021 2022-02-23 0.76 0.76
Q3 2021 2021-11-03 2.45 2.45
Q2 2021 2021-08-04 1.34 1.34
Q1 2021 2021-04-28 1.47 1.47
Q4 2020 2021-02-24 0.71 0.71
Q3 2020 2020-10-28 2.44 2.44

Ratings

2016-06-10 Reiterated Rating Bank of America Hold
2016-06-10 Reiterated Rating Morgan Stanley Hold
2016-06-10 Reiterated Rating JPMorgan Chase & Co. Hold $81.00
2016-06-10 Boost Price Target Jefferies Group Hold $79.00 to $84.00
2016-06-10 Reiterated Rating Bank of America Corp. Hold
2016-06-06 Upgrade Goldman Sachs Buy to Conviction-Buy $87.00 to $88.00
2016-06-06 Upgrade Goldman Sachs Group Inc. Buy to Conviction-Buy $87.00 to $88.00
2016-04-27 Reiterated Rating BMO Capital Markets Neutral to Hold
2016-04-27 Reiterated Rating Jefferies Group Hold $79.00
2016-04-19 Reiterated Rating Deutsche Bank Hold $78.00
2016-04-19 Reiterated Rating Deutsche Bank AG Hold $78.00
2016-04-12 Downgrade Bank of America Buy to Neutral
2016-04-11 Reiterated Rating Jefferies Group Hold $75.50 to $82.50
2016-04-01 Upgrade Goldman Sachs Neutral to Buy $78.00 to $83.00
2016-03-19 Reiterated Rating Barclays Hold
2016-03-19 Reiterated Rating Barclays PLC Hold
2016-03-18 Boost Price Target Barclays Equal Weight $76.00 to $80.00
2016-03-14 Boost Price Target JPMorgan Chase & Co. Neutral $70.00 to $76.00
2016-02-23 Reiterated Rating Bank of America Buy $72.00 to $78.00
2016-02-19 Downgrade Barclays Buy to Equal Weight $76.00
2016-02-19 Boost Price Target Jefferies Group Hold $68.50 to $75.50
2016-01-12 Upgrade Bank of America Underperform to Buy $63.00 to $72.00
2016-01-04 Boost Price Target Barclays Overweight $74.00 to $75.00
2015-11-18 Reiterated Rating Jefferies Group Hold $71.00 to $68.50
2015-11-03 Lower Price Target Jefferies Group Hold $73.00 to $71.00
2015-10-23 Reiterated Rating Jefferies Group Hold $72.50 to $73.00
2015-10-19 Upgrade Goldman Sachs Sell to Neutral $68.00 to $69.00
2015-10-14 Reiterated Rating Barclays Overweight $71.00 to $74.00
2015-10-14 Lower Price Target Mizuho Neutral $76.00 to $67.50
2015-10-07 Lower Price Target Morgan Stanley Equal Weight $68.00 to $65.00
2015-09-22 Upgrade Barclays Equal Weight to Overweight $73.00 to $71.00
2015-09-21 Reiterated Rating JPMorgan Chase & Co. Neutral $81.00 to $74.00
2015-09-18 Initiated Coverage Citigroup Inc. Neutral
2015-08-28 Lower Price Target Barclays Equal Weight $75.00 to $73.00
2015-08-17 Initiated Coverage Mizuho Neutral $76.00
2015-08-17 Lower Price Target Evercore ISI Hold $85.00 to $74.00
2015-07-28 Downgrade Goldman Sachs Neutral to Sell $68.00
2015-05-23 Reiterated Rating RBC Capital Hold $81.00
2015-05-23 Reiterated Rating Royal Bank Of Canada Hold $81.00
2015-05-05 Lower Price Target RBC Capital Sector Perform $88.00 to $81.00
2015-04-29 Downgrade BMO Capital Markets Outperform to Market Perform $89.00 to $80.00
2015-04-22 Lower Price Target Deutsche Bank Hold $83.00 to $81.00
2015-04-22 Lower Price Target Jefferies Group Hold $87.50 to $80.00
2015-04-21 Initiated Coverage Guggenheim Neutral
2015-04-09 Initiated Coverage Barclays Equal Weight $80.00
2015-02-23 Initiated Coverage Jefferies Group Hold
2015-01-12 Lower Price Target JPMorgan Chase & Co. Neutral $88.00 to $86.00
2014-12-17 Reiterated Rating Deutsche Bank Hold $82.00 to $83.00
2014-12-16 Reiterated Rating Jefferies Group Hold $82.00 to $87.50
2014-12-15 Upgrade Morgan Stanley Underweight to Equal Weight $77.00 to $91.00
2014-12-15 Upgrade Citigroup Inc. Sell to Neutral $72.00 to $85.00
2014-11-06 Reiterated Rating Jefferies Group Hold $78.50 to $82.00
2014-11-05 Reiterated Rating Credit Suisse Neutral $79.00 to $82.00
2014-11-05 Reiterated Rating Deutsche Bank Hold $81.00 to $82.00
2014-11-05 Reiterated Rating Bank of America Underperform $75.00 to $80.00
2014-11-05 Reiterated Rating Credit Suisse Group AG Neutral $79.00 to $82.00
2014-10-20 Reiterated Rating Jefferies Group Hold $78.00 to $78.50
2014-10-09 Downgrade Macquarie Outperform to Neutral $81.00
2014-09-29 Reiterated Rating Deutsche Bank Hold $80.00 to $81.00
2014-07-30 Lower Price Target Jefferies Group Hold $81.00 to $72.00
2014-07-23 Reiterated Rating Deutsche Bank Hold $79.00 to $80.00
2014-07-09 Set Price Target JPMorgan Chase & Co. $69.00 to $74.00
2014-07-01 Boost Price Target Jefferies Group Hold $79.00 to $81.00
2014-06-09 Reiterated Rating Deutsche Bank Hold $73.00 to $79.00
2014-06-09 Reiterated Rating Citigroup Inc. Sell $61.00 to $69.00
2014-06-09 Boost Price Target Evercore ISI Neutral $68.00 to $78.00
2014-06-06 Upgrade BMO Capital Markets Market Perform to Outperform $73.00 to $89.00
2014-06-06 Boost Price Target Goldman Sachs Neutral $77.00
2014-06-06 Boost Price Target Jefferies Group Hold $72.00 to $79.00
2014-05-06 Upgrade Wolfe Research Underperform to Market Perform
2014-04-24 Reiterated Rating Citigroup Inc. Sell $61.00
2014-04-23 Reiterated Rating Deutsche Bank Hold $73.00
2014-04-14 Boost Price Target Jefferies Group Hold $65.00 to $70.50
2014-04-07 Boost Price Target BMO Capital Markets $63.00 to $70.00
2014-04-04 Boost Price Target Macquarie $70.00 to $72.00
2014-02-13 Boost Price Target Deutsche Bank $64.00 to $66.00
2014-02-13 Boost Price Target Jefferies Group $60.50 to $65.00
2014-02-04 Upgrade Sidoti Buy
2014-01-28 Lower Price Target Jefferies Group $68.00 to $60.50
2014-01-21 Initiated Coverage JPMorgan Chase & Co. Neutral
2014-01-03 Downgrade Citigroup Inc. Neutral to Sell
2013-12-30 Initiated Coverage Goldman Sachs Neutral $62.00
2013-12-10 Downgrade Deutsche Bank Buy to Hold $70.00 to $64.00
2013-11-11 Downgrade Evercore ISI Buy to Neutral $70.00 to $64.00
2013-10-30 Lower Price Target Macquarie Outperform $74.00 to $71.00
2013-10-30 Lower Price Target Deutsche Bank Buy $73.00 to $70.00
2013-10-29 Lower Price Target Credit Suisse $65.00 to $62.00
2013-10-18 Lower Price Target Jefferies Group Hold $69.50 to $68.00
2013-09-16 Lower Price Target Deutsche Bank Buy $74.00 to $73.00
2013-01-02 Reiterated UBS Neutral $70 to $66
2012-07-24 Reiterated FBR Capital Outperform $69 to $72
2011-06-14 Reiterated FBR Capital Outperform $79 to $82
2011-02-09 Reiterated Barclays Capital Overweight $86 to $83
2010-11-04 Downgrade Hilliard Lyons Buy to Neutral
2016-06-10 Reiterated Rating Bank of America Hold
2016-06-10 Reiterated Rating Morgan Stanley Hold
2016-06-10 Reiterated Rating JPMorgan Chase & Co. Hold $81.00
2016-06-10 Boost Price Target Jefferies Group Hold $79.00 to $84.00
2016-06-10 Reiterated Rating Bank of America Corp. Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
DENAULT LEO P Chairman and CEO 0.07%  (127538) ETR /
Marsh Andrew S Executive Vice President & CFO 0.03%  (59533) ETR /
WEST RODERICK K Executive Vice President & CAO 0.02%  (39167) ETR /
Brown Marcus V Exec. V.P. & General Counsel 0.02%  (27090) ETR /
HINNENKAMP PAUL D SVP & Chief Operating Officer 0.01%  (24790) ETR /
SAVOFF MARK T Executive Vice President, COO 0.01%  (24257) ETR /
MOHL WILLIAM M President - EWCB 0.01%  (21365) ETR /
Bunting Theodore H JR Group President, Utility Ops. 0.01%  (20495) ETR / IMN / UNM /
Forbes Jeffrey S Exec. V.P., Nuclear Operations 0.01%  (17548) ETR /
Mount Alyson M SVP, Chief Accounting Officer 0.01%  (14018) ETR /
May Phillip R Jr \"Officer\" Under Sec. 16 Rules 0.01%  (11890) ETR /
BATEMAN MAUREEN SCANNELL 0.01%  (11668) ETR /
VINCI DONALD W Sr. VP, Human Resources & CDO 0.01%  (11444) ETR /
LEVENICK STUART L 0.01%  (11168) CAT / ETR / GWW /
MITCHELL TIMOTHY G Acting Chief Nuclear Officer 0.01%  (11120) ETR /
Tauzin W J 0.01%  (11068) ETR / LHCG /
BAKKEN A. CHRISTOPHER III EVP, Chief Nuclear Officer 0.01%  (10710) ETR /