Entergy Corp

ETR: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Entergy: Analyst Day Supports Our Growth Outlook; One of Cheapest Utilities

We are raising our fair value estimate for Entergy to $126 from $123 after management released a five-year $33 billion capital investment plan at its analyst day June 7. This was slightly higher than our forecast and gives us more confidence in our 7% annual earnings growth outlook at least through 2029. We are reaffirming our narrow moat rating.

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