Entergy Corporation (NYSE:ETR) had its price objective increased by J P Morgan Chase & Co from $83.00 to $84.00 in a research report sent to investors on Thursday. J P Morgan Chase & Co currently has a neutral rating on the utilities provider’s stock.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reissued a hold rating and set a $78.00 price target on shares of Entergy Corporation in a research report on Friday, August 4th. BidaskClub raised shares of Entergy Corporation from a hold rating to a buy rating in a research report on Saturday, August 26th. Morgan Stanley increased their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an underweight rating in a research report on Thursday, August 10th. Jefferies Group LLC reissued a hold rating and set a $78.00 price target on shares of Entergy Corporation in a research report on Thursday, July 6th. Finally, ValuEngine raised shares of Entergy Corporation from a hold rating to a buy rating in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $79.33.
Shares of Entergy Corporation (ETR) traded up 1.17% during midday trading on Thursday, reaching $83.25. 232,089 shares of the company traded hands. The company has a 50-day moving average of $78.68 and a 200 day moving average of $77.50. The firm’s market capitalization is $14.95 billion. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $83.25.
Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm earned $3.16 EPS. On average, equities analysts forecast that Entergy Corporation will post $6.72 earnings per share for the current year.
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In related news, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles L. Rice, Jr. sold 1,000 shares of Entergy Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total transaction of $78,950.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,495 shares of company stock valued at $271,313. 0.24% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. W. E. Donoghue & Co. LLC bought a new stake in Entergy Corporation during the 2nd quarter valued at about $15,434,000. Sentry Investment Management LLC increased its stake in Entergy Corporation by 1.9% during the 2nd quarter. Sentry Investment Management LLC now owns 14,360 shares of the utilities provider’s stock valued at $1,102,000 after purchasing an additional 270 shares in the last quarter. Toronto Dominion Bank increased its stake in Entergy Corporation by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 61,023 shares of the utilities provider’s stock valued at $4,684,000 after purchasing an additional 12,390 shares in the last quarter. Advisory Services Network LLC increased its stake in Entergy Corporation by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares in the last quarter. Finally, Afam Capital Inc. increased its stake in Entergy Corporation by 4.2% during the 2nd quarter. Afam Capital Inc. now owns 52,193 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 2,119 shares in the last quarter. Institutional investors and hedge funds own 84.15% of the company’s stock.
Entergy Corporation Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company 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.
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