Entergy Corporation (ETR) Upgraded at Citigroup Inc.
Citigroup Inc. upgraded shares of Entergy Corporation (NYSE:ETR) from a neutral rating to a buy rating in a research report report published on Friday, Marketbeat.com reports. The firm currently has $91.00 price target on the utilities provider’s stock.
Other research analysts have also recently issued research reports about the company. Morgan Stanley increased their price objective on Entergy Corporation from $79.00 to $82.00 and gave the stock an underweight rating in a research report on Thursday, August 10th. BidaskClub upgraded Entergy Corporation from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a hold rating on shares of Entergy Corporation in a research report on Friday, August 11th. BMO Capital Markets reiterated a hold rating and issued a $78.00 price objective on shares of Entergy Corporation in a research report on Friday, August 4th. Finally, J P Morgan Chase & Co increased their price objective on Entergy Corporation from $83.00 to $84.00 and gave the stock a neutral rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Entergy Corporation currently has a consensus rating of Hold and an average target price of $79.33.
Entergy Corporation (NYSE ETR) opened at 83.41 on Friday. The firm’s 50-day moving average is $78.68 and its 200 day moving average is $77.50. The company’s market capitalization is $14.97 billion. Entergy Corporation has a one year low of $66.71 and a one year high of $83.95.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. On average, equities analysts expect that Entergy Corporation will post $6.73 EPS for the current fiscal year.
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In other Entergy Corporation news, insider Charles L. Rice, Jr. sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $78.95, for a total value of $78,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexis M. Herman sold 995 shares of the company’s stock in a transaction on Friday, August 4th. The shares were 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. Insiders sold 3,495 shares of company stock worth $271,313 in the last three months. 0.24% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ETR. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Entergy Corporation by 46.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 410 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of Entergy Corporation during the second quarter valued at $106,000. Advisory Services Network LLC boosted its stake in shares of Entergy Corporation by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 49 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Entergy Corporation by 291.6% during the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after acquiring an additional 1,770 shares during the last quarter. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Entergy Corporation during the second quarter valued at $204,000. 84.15% of the stock is currently owned by institutional investors.
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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