Entergy Corp

ETR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$779.00	Bpzfw	Ndkchpxm

Entergy: Gas Utility Sale Eases Balance Sheet Concerns; Remains a Top Utilities Pick

Travis Miller

Oct 30, 2023

We are reaffirming our $120 fair value estimate for Entergy after it announced an agreement to sell its Louisiana gas distribution business for $484 million in cash to infrastructure fund Bernhard Capital Partners. We are reaffirming our narrow moat rating.

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