Entergy (NYSE:ETR) Louisiana, LLC's preferred stock (ELC) has touched a 52-week low, reaching a price level of $20.8 USD. This recent dip in stock value marks a notable point in the company's market performance over the past year, which has seen a decrease of 3.29%. The company maintains a solid dividend of $1.22 per share and generates substantial revenue of $5.12 billion in the last twelve months. InvestingPro subscribers can access detailed valuation metrics and expert insights to better evaluate this price movement. Investors are closely monitoring Entergy Louisiana as it navigates through the dynamic energy sector, facing both regulatory challenges and opportunities for growth in renewable energy investments. With an EBITDA of $1.83 billion and a healthy current ratio of 1.39, the company maintains strong operational fundamentals despite revenue declining 7.3% year-over-year. The 52-week low serves as a critical indicator for shareholders and potential investors, reflecting the company's current valuation in a competitive market landscape. InvestingPro offers comprehensive analysis tools to help investors make informed decisions in this evolving market environment.
In other recent news, Entergy Louisiana, LLC has successfully concluded a $750 million mortgage bond sale. The bonds, which are part of the company's long-term financing strategy, are due in approximately 30 years. This issuance adds to Entergy Louisiana's existing total debt of $9.88 billion, reported in the latest quarter. The company's recent developments also include a decline in annual revenue by 7.3% over the last twelve months, now standing at $5.12 billion, with an EBITDA of $1.83 billion. The bond sale was executed under an Underwriting Agreement dated January 2, 2025. These bonds were offered under the company's automatic shelf Registration Statement on Form S-3, which was effective upon filing. The transaction involved the issuance of Collateral Trust Mortgage Bonds, 5.80% Series due March 15, 2055.
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