Opinions
The Panic-Proof Portfolio (Stockchase Research)
Entergy Corp.
ETR-N
TOP PICK
Feb 23, 2021
Stockchase Research Editor: Michael O'Reilly ETR is a dividend workhorse with upside potential. The company operates and distributes electricity generation throughout the southern US. It trades at 13x earnings, compared to its peers at 34x. Almost 85% of the shares are held by large institutions. It pays an excellent dividend, backed by a 70% payout ratio -- manageable for a utility based business. We would trade this with a stop-loss at $79, looking to achieve $115 -- upside potential over 25%. Yield 4.08% (Analysts’ price target is $114.15)
$90.300
Stock price when the opinion was issued
electrical utilities
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TOP PICK
You should have a portion of your portfolio in utilities as a defensive position against falling interest rates. Typically, utilities grow very modestly, but this one has a 10%-15% because they are turning on their unregulated nuclear assets giving them huge cash flows. Management is looking to almost double the dividend.
electrical utilities
PAST TOP PICK
(A Top Pick Feb 23/21, Up 27.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ETR has achieved its $115 objective. To remain disciplined, we recommend covering half of the position and trailing up the stop (from $79) to $102. If triggered, this would result in a net investment return over 20%.
electrical utilities
PAST TOP PICK
(A Top Pick Feb 22/21, Up 12.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ABNB has triggered its stop at $102. To remain disciplined, we recommend covering the position at this time. Combined with the previous recommendation to cover half the position, this results in a net investment return of 20%.
electrical utilities
BUY ON WEAKNESS
Utilities are down for the year but are the second-best sector in 2022. ETR is based in New Orleans and serves 3 million customers in the Deep South, including a lot of industrials. 10 days ago, shares were up 8% YTD, but those gains were wiped out by the market sell-off. Yesterday they announced steady growth and pays a 4% dividend yield.
electrical utilities