Entergy Corp. (NYSE:ETR) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the firm. Eleven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $79.36.
A number of research firms have issued reports on ETR. Jefferies Group reissued a “hold” rating and issued a $79.00 target price on shares of Entergy Corp. in a research note on Wednesday, April 27th. BMO Capital Markets reissued a “hold” rating on shares of Entergy Corp. in a research note on Wednesday, April 27th. Zacks Investment Research cut Entergy Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $81.00 target price on shares of Entergy Corp. in a research note on Friday, June 10th. Finally, Goldman Sachs Group Inc. raised Entergy Corp. from a “buy” rating to a “conviction-buy” rating and boosted their target price for the company from $87.00 to $88.00 in a research note on Monday, June 6th.
Shares of Entergy Corp. (NYSE:ETR) traded down 0.69% on Wednesday, hitting $80.32. The stock had a trading volume of 448,759 shares. The stock’s market capitalization is $14.36 billion. Entergy Corp. has a one year low of $61.27 and a one year high of $82.09. The firm’s 50 day moving average is $79.72 and its 200-day moving average is $75.73.
In related news, EVP Roderick K. West sold 64,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $75.76, for a total transaction of $4,848,640.00. Following the sale, the executive vice president now owns 69,223 shares in the company, valued at $5,244,334.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexis M. Herman sold 1,091 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $76.24, for a total value of $83,177.84. Following the sale, the director now owns 1,227 shares in the company, valued at approximately $93,546.48. The disclosure for this sale can be found here.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
