(ENO) Entergy New Orleans Pref - Ratings and Ratios

Entergy New Orleans, LLC is a utility company providing essential electric and natural gas services to the city of New Orleans. As of December 31, 2017, the company operated an extensive network of approximately 2,500 miles of gas pipelines, ensuring reliable natural gas distribution. They serve around 200,000 electricity customers and 106,000 natural gas customers, catering to both residential and commercial sectors. Their infrastructure is crucial for the daily operations and livelihood of the community they serve.

Originally known as Entergy New Orleans Power, LLC, the company rebranded to Entergy New Orleans, LLC in December 2017. This change reflected their expanded service offerings and commitment to the region. As a subsidiary of Entergy Utility Group, Inc., which is part of the larger Entergy Corporation, the company benefits from the resources and expertise of one of the nations leading energy providers, enhancing its operational efficiency and service quality.

From a financial perspective, Entergy New Orleans, LLC has a market capitalization of $191.07 million. The company reports a return on equity (RoE) of 7.00%, indicating a moderate return for shareholders. However, the price-to-earnings (P/E) and forward P/E ratios are currently not available, which might be due to the companys specific financial reporting structure or recent changes in their operational strategy.

Looking ahead, the technical indicators suggest a stable outlook. The 20-day average volume is 10,274 shares, with the last price at $22.60. The SMA (Simple Moving Average) for 20, 50, and 200 days are $22.46, $22.51, and $22.95 respectively, indicating a slight upward trend. The Average True Range (ATR) of 0.29 suggests low volatility, which may imply a stable price movement in the near term.

Based on this analysis, the 3-month forecast for Entergy New Orleans, LLC Pref (NYSE:ENO) is as follows:

Given the stable SMA trends and low ATR, the stock is expected to maintain its current price levels with minimal fluctuations. The 20-day SMA suggests support around $22.46, while the 200-day SMA indicates a potential resistance level at $22.95. Therefore, the stock is likely to trade within a narrow range, possibly between $22.30 and $23.20 over the next three months.