Entergy Corp. (NYSE:ETR) had its price objective trimmed by Citigroup Inc. from $83.00 to $76.00 in a research report sent to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.
ETR has been the subject of a number of other research reports. Morgan Stanley reiterated a hold rating on shares of Entergy Corp. in a research report on Friday, June 10th. Guggenheim upgraded Entergy Corp. from a neutral rating to a buy rating and set a $86.00 price objective for the company in a research report on Monday, August 22nd. Goldman Sachs Group Inc. upgraded Entergy Corp. from a buy rating to a conviction-buy rating and lifted their price objective for the stock from $87.00 to $88.00 in a research report on Monday, June 6th. Deutsche Bank AG dropped their price objective on Entergy Corp. from $83.00 to $82.00 and set a hold rating for the company in a research report on Wednesday, August 3rd. Finally, Jefferies Group lifted their price objective on Entergy Corp. from $79.00 to $84.00 and gave the stock a hold rating in a research report on Friday, June 10th. Ten equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $79.41.
Entergy Corp. (NYSE:ETR) traded down 0.39% during midday trading on Tuesday, hitting $73.73. 488,780 shares of the stock were exchanged. The firm has a 50-day moving average price of $78.55 and a 200-day moving average price of $78.14. Entergy Corp. has a one year low of $64.11 and a one year high of $82.09. The stock has a market cap of $13.20 billion, a P/E ratio of 76.17 and a beta of 0.38.
Entergy Corp. (NYSE:ETR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $2.06. Entergy Corp. had a return on equity of 15.34% and a net margin of 1.78%. During the same period in the previous year, the company earned $0.83 earnings per share. On average, equities research analysts anticipate that Entergy Corp. will post $6.61 EPS for the current fiscal year.
In other news, insider Haley Fisackerly sold 1,250 shares of Entergy Corp. stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $77.60, for a total value of $97,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Charles L. Rice, Jr. sold 760 shares of Entergy Corp. stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $79.36, for a total value of $60,313.60. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in ETR. Washington Trust Bank raised its position in Entergy Corp. by 2.8% in the third quarter. Washington Trust Bank now owns 1,991 shares of the company’s stock valued at $153,000 after buying an additional 55 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Entergy Corp. during the second quarter valued at $587,000. Kentucky Retirement Systems purchased a new position in Entergy Corp. during the second quarter valued at $1,237,000. Mason Street Advisors LLC purchased a new position in Entergy Corp. during the second quarter valued at $1,959,000. Finally, Public Employees Retirement System of Ohio raised its position in Entergy Corp. by 4.0% in the second quarter. Public Employees Retirement System of Ohio now owns 72,217 shares of the company’s stock valued at $5,875,000 after buying an additional 2,799 shares in the last quarter. 85.22% of the stock is currently owned by institutional investors and hedge funds.
Entergy Corp. 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. It 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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