(ENO) Entergy New Orleans Pref - Ratings and Ratios

Entergy New Orleans, LLC is a utility company providing essential electric and gas services to the city of New Orleans, Louisiana. With a significant presence in the region, the company has established itself as a critical infrastructure provider, serving approximately 200,000 electricity customers and 106,000 natural gas customers. The companys extensive network includes around 2,500 miles of gas pipeline, ensuring reliable distribution and transportation of natural gas within the city.

As a subsidiary of Entergy Corporation, Entergy New Orleans, LLC leverages its parent companys resources and expertise to maintain and improve its services. The companys rebranding from Entergy New Orleans Power, LLC to Entergy New Orleans, LLC in December 2017 reflects its evolving business strategy and commitment to serving the energy needs of New Orleans. With its strong operational foundation, the company is poised for continued growth and success in the region.

Analyzing the and , we can observe that Entergy New Orleans, LLC Pref (NYSE:ENO) is trading at $22.30, slightly above its 20-day and 50-day Simple Moving Averages (SMA) of $21.90. The stocks 200-day SMA is $22.63, indicating a potential resistance level. With an Average True Range (ATR) of 0.26, representing a 1.18% daily volatility, the stock is experiencing relatively stable price movements. Considering the , the companys Market Cap stands at $185.93M USD, with a Return on Equity (RoE) of 18.71%, indicating a strong financial performance.

Based on the available data, our forecast suggests that ENO will continue to experience stable price movements in the short term, potentially consolidating around the $22.30 level. However, if the stock can break through the $22.63 resistance level, it may be poised for further growth, potentially targeting the 52-week high of $24.39. Conversely, a decline below the $21.90 SMA could signal a downward trend, with the 52-week low of $21.19 serving as a potential support level. As the company continues to serve the energy needs of New Orleans, its financial performance and operational stability are likely to remain key drivers of its stock performance.