Entergy Corporation – Diversified Stocks To Invest
Entergy Corporation is involved in the production of power, distribution, and transmission to its customers in the southern states of the US. The geographies where Entergy Corporation serves include Arkansas, Mississippi, Louisiana, and Texas. Entergy has some 30 GW of power generation capacity. This portfolio includes 7 GW of nuclear energy. Entergy Corporation is headquartered in New Orleans, Louisiana, and has roughly 12,500 employees. It is a diversified utility company with an extensive clean energy portfolio. If you are looking to construct a long-term plan diversified utility stocks as a strategy, then looking at businesses like Entergy Corporation is worth the effort. Utility stocks can be very stable investments over a more extended period. Their financial trajectories tend to be relatively less volatile as the business models are mature and the industry is dominated by prominent players. Migration and population growth rates tend to be the main driving factors.
Entergy Announces Q22021 Earnings Results
On 4th August 2021, Entergy Corporation announced its second-quarter 2021 earnings numbers. The quarter was a challenging one for the company as it reported a loss of $6 million as compared to a profit of $361 million in the second quarter of 2020. The year on year comparison was a negative one. Adjusted earnings on a non-GAAP basis were $269 million as compared to $276 million in Q22020. The adjusted earnings per share came in at $1.34 versus $1.37 in the second quarter of 2020. Company CEO Leo Denault said that the company’s results were impacted by milder-than-normal weather. Yes, you read that right. Milder than average weather ends up with people heating up their homes lesser in winters and running their air conditioners less in the summers. If you are looking for diversified stocks to invest in, then large utility companies can be an option.
Long-term Plan Diversified Utility Stocks
Entergy’s stocks traded at $103.02 on 29th October 2021. It was up more than 3.7% over the preceding month and not far from the 52-week high of $115. The stock ran up significantly from 2018 to 2020 before the March 2020 crash brought the price down.