Q3 2017 EPS Estimates for Entergy Corporation (ETR) Increased by Analyst
Entergy Corporation (NYSE:ETR) – Investment analysts at KeyCorp increased their Q3 2017 earnings per share (EPS) estimates for Entergy Corporation in a note issued to investors on Wednesday. KeyCorp analyst P. Ridzon now expects that the utilities provider will post earnings per share of $2.12 for the quarter, up from their prior estimate of $2.11.
ETR has been the topic of a number of other reports. Citigroup Inc. raised shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Friday, October 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a research note on Friday, August 4th. BidaskClub raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. J P Morgan Chase & Co raised their price target on shares of Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Morgan Stanley raised their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Entergy Corporation has a consensus rating of “Hold” and a consensus target price of $79.33.
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Shares of Entergy Corporation (ETR) opened at 85.36 on Friday. Entergy Corporation has a one year low of $66.71 and a one year high of $85.43. The stock has a 50 day moving average price of $79.26 and a 200 day moving average price of $77.73. The company’s market capitalization is $15.32 billion.
Entergy Corporation (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (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 firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the firm posted $3.16 earnings per share.
A number of institutional investors have recently bought and sold shares of the stock. W. E. Donoghue & Co. LLC acquired a new stake in Entergy Corporation in the 2nd quarter valued at approximately $15,434,000. Sentry Investment Management LLC increased its holdings in Entergy Corporation by 1.9% in 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 during the last quarter. Toronto Dominion Bank increased its holdings in Entergy Corporation by 25.5% in 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 during the last quarter. Advisory Services Network LLC increased its holdings in Entergy Corporation by 2.1% in 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 during the last quarter. Finally, Afam Capital Inc. increased its holdings in Entergy Corporation by 4.2% in 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 during the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.
In related news, insider Sallie T. Rainer sold 1,000 shares of Entergy Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $77.78, for a total value of $77,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The disclosure for this sale can be found here. Insiders have sold a total of 22,945 shares of company stock valued at $1,878,157 in the last 90 days. Insiders own 0.24% 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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