A number of other equities analysts have also weighed in on ETR. Citigroup Inc. upped their target price on Entergy Corp. from $72.00 to $83.00 and gave the stock a neutral rating in a research report on Wednesday, July 20th. Deutsche Bank AG lowered their target price on Entergy Corp. from $83.00 to $82.00 and set a hold rating on the stock in a research report on Wednesday, August 3rd. Guggenheim upgraded Entergy Corp. from a neutral rating to a buy rating and set a $86.00 price target for the company in a report on Monday, August 22nd. Finally, Zacks Investment Research upgraded Entergy Corp. from a hold rating to a buy rating and set a $84.00 price target for the company in a report on Friday. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $81.78.
Shares of Entergy Corp. (NYSE:ETR) traded down 0.33% during midday trading on Monday, reaching $74.39. The company’s stock had a trading volume of 99,431 shares. The stock has a market cap of $13.31 billion, a PE ratio of 76.85 and a beta of 0.38. Entergy Corp. has a one year low of $64.11 and a one year high of $82.09. The firm has a 50-day moving average of $77.39 and a 200-day moving average of $77.83.
Entergy Corp. (NYSE:ETR) last issued its earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share for the quarter, topping 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 quarter last year, the business earned $0.83 EPS. On average, analysts forecast that Entergy Corp. will post $6.72 EPS for the current year.
In other news, insider Haley Fisackerly sold 1,250 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $77.60, for a total transaction of $97,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles L. Rice, Jr. sold 760 shares of the stock in a transaction on Friday, August 26th. The stock was 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. Insiders own 0.22% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ETR. Charter Trust Co. increased its position in Entergy Corp. by 0.8% in the third quarter. Charter Trust Co. now owns 2,973 shares of the company’s stock valued at $228,000 after buying an additional 25 shares during the last quarter. Hudock Capital Group LLC increased its position in Entergy Corp. by 0.5% in the second quarter. Hudock Capital Group LLC now owns 5,447 shares of the company’s stock valued at $443,000 after buying an additional 26 shares during the last quarter. Commerce Bank increased its position in Entergy Corp. by 1.1% in the second quarter. Commerce Bank now owns 4,457 shares of the company’s stock valued at $363,000 after buying an additional 50 shares during the last quarter. Washington Trust Bank increased 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 during the last quarter. Finally, Profund Advisors LLC increased its position in Entergy Corp. by 0.3% in the second quarter. Profund Advisors LLC now owns 22,223 shares of the company’s stock valued at $1,808,000 after buying an additional 56 shares during the last quarter. Institutional investors own 85.21% of the company’s stock.
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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