Entergy CorporationNYSE: ETR
Utilities · Electric Utilities
$112.14
+0.95%
Vol: 230K
Research Digest
Tuesday, June 16, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 20Entergy stock faces dilution overhang after pricing a 19.25M-share offering at $113 on May 5-7, 2026, with Scotiabank and UBS raising price targets in response.Mixed▶
Entergy Corporation priced a registered underwritten offering of 19,247,788 common shares at $113 per share on May 5, 2026, with closing expected on or about May 7, 2026; the company also commenced a $2.175 billion forward-component offering with settlement by April 30, 2028. Despite dilution, Scotiabank raised its price target to $129 from $114 (Outperform) and UBS lifted to $135 from $131 (Buy), citing strong fundamentals after Q1 2026 EPS of $0.83 GAAP / $0.86 adjusted. The capital raise funds significant infrastructure investment in Louisiana data center and industrial customers. Shares set a record high of $118.45 on May 1 before pulling back on the supply news. Risk: a large equity raise compresses near-term EPS, and execution on regulated growth projects is critical to justify higher targets.
May 19Entergy priced a $2.18B forward equity offering of 19.25M shares at $113 to fund Meta-related and data-center growth investments.Mixed▶
On May 5-6, 2026 Entergy priced a registered offering of 19,247,788 shares at $113 with forward sale agreements, implying gross proceeds of ~$2.175B (closing on/about May 7). Capital supports Meta data-center deal in Louisiana, ~2,500 MW renewables and 5,200 MW combined-cycle gas buildout. Arkansas Nuclear One Unit 2 returned to service May 5 after a major refueling outage. ETR is up 18% YTD, well ahead of the S&P, with mean PT of $123.08. Bear case: equity issuance is dilutive and rate-case execution risk could pressure customer affordability.
May 18Entergy priced a $2.175B forward-component common stock offering on May 5 and shareholders backed all directors, the auditor, and executive pay at its May 8 annual meeting.Mixed▶
On May 5, 2026, Entergy priced an underwritten registered offering of 19,247,788 shares of common stock at $113 per share for gross proceeds of $2.175 billion, with a forward sale component allowing settlement through April 30, 2028. Closing was expected on or about May 7. On May 8, shareholders elected 12 directors, ratified Deloitte & Touche as 2026 auditor, and approved executive compensation in advisory votes. Entergy declared a quarterly dividend of $0.64 per share payable June 1, 2026. On May 4, Citi raised its price target to $121 from $116, and BMO Capital raised its target to $127 from $118 (Outperform). The offering is intended to fund growth-related capital investments, particularly tied to large industrial customer demand including data center load growth.
May 15Entergy priced a $2.175B common stock offering at $113/share on May 5 to fund data-center-driven capex while analysts boosted price targets.Positive▶
Entergy priced a registered underwritten offering of 19.25M shares at $113.00 on May 5, 2026, with forward sale agreements settling through April 2028 to fund expanded capital investment tied to data center demand. The 2026 Annual Meeting on May 8 re-elected 12 directors, ratified Deloitte, and approved say-on-pay. On May 7, the Talent & Compensation Committee froze the System Executive Retirement Plan benefits including CEO Andrew Marsh's. The board declared a $0.64 quarterly dividend payable June 1. Risk: equity issuance is dilutive and contingent on data-center load growth materializing.
May 14Entergy priced a $2.175B common stock offering at $113/share on May 5 to fund Gulf Coast data center grid buildout amid record industrial demand.Mixed▶
Entergy priced a 19.25M-share registered underwritten offering with a forward component at $113.00 per share on May 5, 2026, raising approximately $2.175B to fund its capital plan. The 2026 Annual Meeting on May 8 saw all 12 directors elected, Deloitte ratified as auditor, and say-on-pay approved. The board revised SERP and PEP, freezing executive retirement benefits as of November 30, 2026 and lowering CEO early retirement consent age to 60. A $0.64 quarterly dividend was declared, payable June 1, 2026. CEO highlighted strong data center demand and grid investment momentum in the Gulf Coast service territory. Most recent analyst rating is Hold with a $121 price target.
May 13Entergy restores power to 9,000+ Kenner customers as analysts focus on $57B capex plan and nuclear expansion studyPositive▶
On May 11-12, 2026, analysts continued to focus on Entergy's strong Q1 2026 results and elevated $57 billion four-year capex plan (up from $43 billion prior). A May 10 power outage in Kenner, Louisiana affecting 9,000+ residents was resolved in under four hours. Recent reports note Entergy is studying expansion of its nuclear power operations to meet potential demand. The company recently raised 2027 EPS guidance by $0.20 and 2029 guidance by $0.50 to $6.40, and announced a hyperscale data center agreement estimated to deliver $2 billion of customer savings. Entergy also priced a $2.175 billion stock offering at $113/share on May 5 and the annual shareholder meeting on May 8 saw 12 directors elected. Scotiabank raised its price target to $129 from $114 with an Outperform rating.
May 12Entergy priced a $2.175B common stock offering at $113/share on May 5 with forward sale agreements, expected to close May 7Mixed▶
On May 5, 2026, Entergy Corporation priced a registered underwritten offering of 19,247,788 shares of common stock at $113.00 per share for gross proceeds of approximately $2.175 billion, with closing expected on or about May 7. Underwriters have a 30-day option for an additional 2,887,168 shares. Entergy entered forward sale agreements with four banks at an initial forward sale price of $110.74 per share, settling on or prior to April 30, 2028; on physical settlement net proceeds would fund general corporate purposes including potential debt repayment. The company declared a $0.64 quarterly dividend payable June 1 to holders of record May 1. Recent Q1 2026 results showed as-reported EPS of $0.83 and adjusted EPS of $0.86, with affirmed 2026 adjusted EPS guidance of $4.25-$4.45, and a hyperscale agreement estimated to deliver $2B of customer savings.
May 11Entergy priced a $2.175B common stock offering at $113/share on May 5 with forward sale agreements, while Scotiabank and UBS raised price targets to $129 and $135 on data center demand.Positive▶
Entergy Corporation priced a registered offering of 19,247,788 shares of common stock at $113 per share for approximately $2.175B gross proceeds, with closing expected May 7. The deal includes forward sale agreements with major banks for the same share count, settling by April 30, 2028, at a forward price initially set at $110.74. Q1 2026 adjusted EPS of $0.86 beat estimates and 2026 guidance was reaffirmed. Arkansas Nuclear One Unit 2 returned to service after a major refueling and maintenance outage, and the company is studying expansion of nuclear operations to meet rising industrial demand. Scotiabank raised price target to $129 from $114 (Outperform), calling Entergy a "standout" utility tied to data center demand. UBS raised to $135 from $131 (Buy) citing Meta-related demand and higher 2029 EPS guidance. Quarterly dividend of $0.64 payable June 1. Risk: equity issuance dilution offset by growth capital needs.
May 8Entergy prices $2.175B stock offering at $113/share with forward component; lowers capital planMixed▶
Entergy announced and priced registered offering of 19.25M shares at $113/share on May 5-6, 2026, raising $2.175B with forward sale agreements with major banks. Stock declined 3.75% on announcement, removing ~$2.09B market cap (cap now $53.73B). Recent Q1 financial performance showed adjusted EPS of $0.86 (beat) with strong retail/industrial growth. Strategic focus: Meta partnerships totaling $2.65B in customer savings over 20 years fund major generation, transmission, and storage expansion. $57B capital plan supports grid modernization and renewables. Analyst consensus: Hold with $121.00 PT.
May 7Entergy announced $2.175B stock offering and $57B capex boost for Meta partnershipPositive▶
Entergy announced May 5 pricing of $2.175B common stock offering (19.2M shares at $113 per share) with forward settlement expected by April 30, 2028. Company dramatically increased capex plan to $57B, primarily for Meta partnership (seven natural gas combined-cycle plants totaling 5.2 GW). Q1 2026 adjusted EPS of $0.86 (+4.9% YoY). Evercore ISI raised PT to $115 from $107 (In Line). 18 analysts rate Buy with 12-month PT of $120.31 (+7% upside). Significant industrial growth driven by AI/cloud demand creating grid strain.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SOSOUTHERN | $94.62 | +0.85% | +0.1% | 19.1x | 0.34 | $105.8B |
| DUKDUKE | $126.04 | +0.60% | +2.0% | 17.5x | 0.38 | $97.7B |
| CEGCONSTELLATION | $269.47 | +2.71% | +0.1% | 19.3x | 1.09 | $93.7B |
| AEPAMERICAN | $130.26 | +0.73% | +1.3% | 18.9x | 0.52 | $70.4B |
| VSTVISTRA | $158.23 | +3.07% | +12.3% | 14.0x | 1.41 | $51.8B |
| ETRENTERGY | $112.14 | +0.95% | +1.4% | 21.9x | 0.50 | $50.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.