Entergy Corporation (NYSE:ETR)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Friday.
Several other equities analysts have also recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Morgan Stanley raised their price target on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Zacks Investment Research upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $78.77.
Shares of Entergy Corporation (NYSE:ETR) opened at 76.20 on Friday. The firm’s market cap is $13.68 billion. The company has a 50-day moving average of $76.50 and a 200 day moving average of $75.88. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $81.83.
Entergy Corporation (NYSE:ETR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company posted $3.16 earnings per share. Equities analysts predict that Entergy Corporation will post $5.77 EPS for the current year.
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In other Entergy Corporation news, insider Haley Fisackerly sold 600 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $75.92, for a total transaction of $45,552.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,095 shares of company stock worth $160,135. Company insiders own 0.24% of the company’s stock.
A number of institutional investors have recently modified their holdings of ETR. BlackRock Inc. boosted its position in shares of Entergy Corporation by 3,574.9% in the first quarter. BlackRock Inc. now owns 16,089,684 shares of the utilities provider’s stock worth $1,222,173,000 after buying an additional 15,651,863 shares during the period. Franklin Resources Inc. boosted its position in shares of Entergy Corporation by 43.9% in the second quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock worth $144,991,000 after buying an additional 576,426 shares during the period. AJO LP boosted its position in shares of Entergy Corporation by 16.0% in the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after buying an additional 485,602 shares during the period. Vanguard Group Inc. boosted its position in shares of Entergy Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock worth $1,513,680,000 after buying an additional 470,255 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Entergy Corporation by 53.6% in the first quarter. First Trust Advisors LP now owns 1,316,293 shares of the utilities provider’s stock worth $99,986,000 after buying an additional 459,327 shares during the period. Hedge funds and other institutional investors own 83.29% of the company’s stock.
About Entergy Corporation
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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