Jefferies Group LLC Reiterates “Hold” Rating for Entergy Corporation (ETR)
Entergy Corporation (NYSE:ETR)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a research note issued to investors on Friday.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Entergy Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price target on shares of Entergy Corporation in a research report on Tuesday, May 2nd. BidaskClub downgraded Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. TheStreet raised Entergy Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Finally, Wells Fargo & Company raised their target price on Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Entergy Corporation has a consensus rating of “Hold” and a consensus price target of $78.77.
Entergy Corporation (NYSE ETR) opened at 76.20 on Friday. The stock’s 50 day moving average price is $76.50 and its 200 day moving average price is $75.88. The company’s market cap is $13.68 billion. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $81.83.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.91. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period last year, the business posted $3.16 earnings per share. Equities research analysts anticipate that Entergy Corporation will post $5.77 EPS for the current year.
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In other news, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.38, for a total value of $75,998.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. Insiders sold 2,095 shares of company stock valued at $160,135 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Moody National Bank Trust Division bought a new position in Entergy Corporation during the first quarter worth approximately $532,000. Ledyard National Bank bought a new position in Entergy Corporation during the first quarter worth approximately $123,000. NewSquare Capital LLC raised its position in Entergy Corporation by 16.9% in the first quarter. NewSquare Capital LLC now owns 10,482 shares of the utilities provider’s stock worth $796,000 after buying an additional 1,513 shares during the last quarter. Bank of The West bought a new position in Entergy Corporation during the first quarter worth approximately $209,000. Finally, DnB Asset Management AS raised its position in Entergy Corporation by 25.2% in the first quarter. DnB Asset Management AS now owns 25,355 shares of the utilities provider’s stock worth $1,926,000 after buying an additional 5,100 shares during the last quarter. 83.29% of the stock is owned by hedge funds and other institutional investors.
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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