|Bid||0.00 x 900|
|Ask||0.00 x 1800|
|Day's Range||114.63 - 116.57|
|52 Week Range||78.99 - 116.57|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||22.65|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||3.64 (3.16%)|
|1y Target Est||112.29|
Shares of PG&E are jumping after the power producer reached a settlement to cover the majority of the claims from the 2017 and 2018 wildfires in California. Yahoo Finance's Jared Blikre joins Brian Sozzi on 'The Ticker' to discuss.
NEW ORLEANS, Sept. 18, 2019 /PRNewswire/ -- Entergy Corporation (ETR) has earned a place on the 2019 Dow Jones Sustainability North America Index, one of just four U.S. companies in the index's Electric Utilities sector named to the list. Entergy is the only U.S. electric utility in the sector to be included on the index for 18 consecutive years. "As we work to become the premier utility, we are honored to be recognized by the DJSI for the actions taken not only to advance our core business of providing safe, reliable, affordable and increasingly clean energy to our customers, but also to create sustainable value for our customers, employees, communities and owners," said Leo Denault, Entergy's chairman and CEO.
Moody's Investors Service ("Moody's") changed the rating outlook for Entergy Texas, Inc. (ETI, Baa3 Issuer Rating) to positive from stable and affirmed all ratings, based on a more constructive regulatory relationship in Texas. "Tested and supportive cost recovery through transmission and distribution riders will help support ETI's cash flow during the construction of a new power generation facility" said Ryan Wobbrock, Vice President -- Senior Credit Officer.
EVP, Chief Nuclear Officer of Entergy Corp (30-Year Financial, Insider Trades) A. Christopher Bakken Iii (insider trades) sold 6,750 shares of ETR on 09/03/2019 at an average price of $115 a share. Continue reading...
Moody's Investors Service ("Moody's") assigned a Ba2 rating to Entergy Texas, Inc.'s (ETI, Baa3 stable) Series A Cumulative Preferred Stock (the Preferred Stock). The outlook for ETI is stable. The Ba2 rating assigned to ETI's Preferred Stock reflects the security's relative position in the company's capital structure compared to its Issuer Rating, which represents ETI's ability to honor senior unsecured debt and other debt like obligations.
PLYMOUTH, Mass., Aug. 26, 2019 /PRNewswire/ -- Entergy Corporation (ETR) today completed the sale of the subsidiary that owns the Pilgrim Nuclear Power Station to a Holtec International subsidiary, which plans to complete major decommissioning activities at the site decades sooner than if Entergy had continued to own the facility. Pilgrim was shut down permanently by Entergy on May 31, 2019, after providing electricity safely to the region for more than 46 years. Entergy and Holtec announced the Pilgrim sale agreement in August 2018, and the U.S. Nuclear Regulatory Commission approved the transfer of Pilgrim's licenses to Holtec on Aug. 22, 2019. In its order, the NRC found that Holtec possesses the required technical and financial qualifications to own and decommission Pilgrim safely and in accordance with all NRC requirements.
PLYMOUTH, Mass., Aug. 23, 2019 /PRNewswire/ -- The U.S. Nuclear Regulatory Commission yesterday approved the application to transfer the licenses for the Pilgrim Nuclear Power Station from Entergy Corporation (ETR) to a Holtec International subsidiary for decommissioning, paving the way for completion of the plant's sale to Holtec. The companies jointly filed a License Transfer Application with the NRC in November 2018, requesting approval for the transfer of Pilgrim, along with the plant's Nuclear Decommissioning Trust (NDT) and decommissioning liability, to Holtec. "The sale of Pilgrim is another important milestone in Entergy's exit from merchant power markets, with previously announced signed agreements for the sale of Indian Point and Palisades following shutdowns in 2021 and 2022, respectively," said Entergy's Chairman and Chief Executive Officer Leo Denault.
EVP, Chief Nuclear Officer of Entergy Corp (30-Year Financial, Insider Trades) A. Christopher Bakken Iii (insider trades) sold 12,533 shares of ETR on 08/19/2019 at an average price of $110 a share. Continue reading...
(Bloomberg) -- As tropical storm Barry roared ashore in Louisiana last month, Entergy Corp. monitored the electric grid using airwaves that have long been reserved for utilities and first responders.Those secure, wireless signals helped the company manage outages, even while winds of up to 65 miles (105 kilometers) per hour lashed the region. But as the world becomes increasingly wireless, U.S. regulators plan to open more of those airwaves to tech companies.The move pits two of the most powerful U.S. industries against each other. Tech giants including Apple Inc. and Facebook Inc. contend the airwaves, in the 6 gigahertz range, should be open for use by the next generation of lightning-fast wireless networks. Utilities say the new networks threaten to create interference that could make it harder to keep the lights on.“Opening the 6 GHz band to unlicensed users could cause interference with our signals and could jeopardize the reliability of our communications network," said Mike Twomey, a senior vice president for federal policy and government affairs for New Orleans-based Entergy.As wires increasingly go the way of rotary phones, nearly every industry is trying to push into underused spectrum space. The number of Wi-Fi hotspots globally is forecast to grow sixfold by 2021 as fifth-generation, or 5G, cellular networks take shape to underpin everything from autonomous vehicles to industrial robots, according to the Federal Communications Commission. That means opening more space on the radio spectrum.The airwaves in the 6 gigahertz range used by utilities, pipeline operators, police and fire departments and others happen to be ideally positioned on the spectrum to accommodate 5G networks. Tech and telecom companies say technology exists to open them up without interfering with emergency services.“It’s no longer feasible for a band like this with so much potential for sharing to remain with existing incumbents and no additional usage,” said Alice Tornquist, vice president of spectrum strategy and technology policy at Qualcomm Inc., the chip giant.Facebook declined to comment. Apple did not respond.FCC PriorityThe debate comes as the FCC is under orders from Congress to open up more airwaves for broadband service. The move “could be a big boost to our nation’s 5G future,” the agency’s Chairman Ajit Pai said last year as it proposed the change.Aside from their concerns about interference, utilities say the FCC seems to be rushing its proposal through.“Keeping the 6 GHz band is critical to the reliability of the electric grid,” said Joy Ditto, who heads the Washington-based Utilities Technology Council. “There’s no ready replacement.”Neil Grace, an FCC spokesman, said opening those airwaves “will allow a valuable spectrum resource to be more intensively used to benefit consumers.” The move, he said, would not cause interruptions for existing users.A spokeswoman for Duke Energy Corp., however, said the FCC’s proposed approach would not shield utilities from harmful interference. “Any benefit from the expansion of the band would be outweighed by the threat of interference to electric utilities’ communications systems,” Duke’s Catherine Butler said.Congress WatchingThe debate has spilled into Congress. In June, Alaska Senator Lisa Murkowski, a Republican, expressed concerns about the move in a letter to Pai. “The communication assets installed on the power grid are designed to ensure reliability,” she wrote. “It is important to recognize that electricity service in a region cannot be compromised in an effort to make 6GHz more broadly available.’’The issue has spurred calls for more coordination between the FCC and the Federal Energy Regulatory Commission, which oversees utilities. FERC Commissioner Bernard McNamee said it’s crucial that both agencies apply the same standards when it comes to communications used by utilities. “The consequences of confusion could be detrimental to the electric grid and ultimately the American people,” he said in an email.Under a worst-case scenario, utilities may be forced to switch to laying expensive fiber wire to replace wireless communications, according to Entergy, which owns utilities serving Arkansas, Louisiana, Mississippi and Texas. That could cost customers tens of millions of dollars, Twomey said.“If the FCC plans to move forward on this, we want it tested and want to be part of the testing to make sure the interference can be mitigated,’’ said Brian O’Hara, senior director of regulatory issues at the National Rural Electric Cooperative Association.(Adds utility statement from Duke Energy in 13th paragraph.)\--With assistance from Todd Shields and David R. Baker.To contact the reporters on this story: Millicent Dent in New York at firstname.lastname@example.org;Stephen Cunningham in Washington at email@example.comTo contact the editors responsible for this story: David Marino at firstname.lastname@example.org, Joe Ryan, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A look at the shareholders of Etruscus Resources Corp. (CNSX:ETR) can tell us which group is most powerful. Large...
Investment company Bluescape Energy Partners LLC (Current Portfolio) buys Entergy Corp during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Bluescape Energy Partners LLC. Continue reading...
Entergy (ETR) delivered earnings and revenue surprises of -2.17% and -10.53%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
On target for 2019; raising outlook midpoints for 2020 and 2021 NEW ORLEANS , July 31, 2019 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) reported second quarter 2019 earnings per share of $1.22 on an ...