
Utilities · Electric Utilities
$111.04
+0.16%
Vol: 2.1M
Friday, June 19, 2026
No material news in the last 48 hours.
No material news in the last 48 hours.
No material news in the last 48 hours.
No material news in the last 48 hours.
No material news in the last 48 hours.
No material news in the last 48 hours.
No material news in the last 48 hours.
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.
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.
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.
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.
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.
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.
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.
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SOSOUTHERN | $93.26 | +0.78% | — | 19.9x | 0.33 | $110.5B |
| DUKDUKE | $123.92 | +0.15% | — | 18.1x | 0.37 | $101.0B |
| CEGCONSTELLATION | $274.07 | +2.58% | — | 17.6x | 1.12 | $85.4B |
| AEPAMERICAN | $127.69 | -0.45% | — | 20.2x | 0.50 | $75.4B |
| ETRENTERGY | $111.04 | +0.16% | — | 22.7x | 0.49 | $53.7B |
| VSTVISTRA | $163.79 | +3.12% | — | 14.0x | 1.41 | $50.9B |
Price between 50d and 200d. Testing 50d support.