Entergy Corp. (ETR) Shares Down 1.4%
Entergy Corp. (NYSE:ETR)’s share price was down 1.4% during mid-day trading on Thursday . The company traded as low as $79.55 and last traded at $79.78, with a volume of 460,385 shares. The stock had previously closed at $80.92.
A number of equities analysts have recently issued reports on ETR shares. Goldman Sachs Group Inc. upgraded shares of Entergy Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $78.00 to $83.00 in a research report on Friday, April 1st. Zacks Investment Research raised Entergy Corp. from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Monday, April 11th. Barclays PLC increased their price target on Entergy Corp. from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, March 18th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $81.00 price target on shares of Entergy Corp. in a report on Friday, June 10th. Finally, Jefferies Group increased their price target on Entergy Corp. from $79.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, June 10th. Eleven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $78.15.
The stock’s market capitalization is $14.35 billion. The firm’s 50-day moving average price is $78.99 and its 200 day moving average price is $75.02.
Entergy Corp. (NYSE:ETR) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.12. During the same period in the prior year, the company earned $1.68 earnings per share. On average, equities analysts forecast that Entergy Corp. will post $5.10 EPS for the current year.
In related news, Director Alexis M. Herman sold 1,091 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $76.24, for a total transaction of $83,177.84. Following the completion of the transaction, the director now directly owns 1,227 shares in the company, valued at approximately $93,546.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 1,933 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $77.19, for a total value of $149,208.27. Following the transaction, the insider now owns 7,120 shares of the company’s stock, valued at $549,592.80. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently modified their holdings of the company. Sei Investments Co. increased its position in shares of Entergy Corp. by 161.8% in the fourth quarter. Sei Investments Co. now owns 92,787 shares of the company’s stock worth $6,343,000 after buying an additional 57,350 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Entergy Corp. by 6.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 24,151 shares of the company’s stock worth $1,651,000 after buying an additional 1,378 shares during the last quarter. Afam Capital Inc. increased its position in shares of Entergy Corp. by 1.4% in the fourth quarter. Afam Capital Inc. now owns 58,880 shares of the company’s stock worth $4,025,000 after buying an additional 834 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Entergy Corp. by 22.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 203,760 shares of the company’s stock worth $13,928,000 after buying an additional 36,950 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Entergy Corp. by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 344,363 shares of the company’s stock worth $23,544,000 after buying an additional 15,281 shares during the last quarter.
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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