Entergy Corp. (ETR) Shares Down 1.1%
Entergy Corp. (NYSE:ETR) shares were down 1.1% during trading on Monday . The company traded as low as $78.61 and last traded at $78.64, with a volume of 298,122 shares. The stock had previously closed at $79.52.
Several research analysts have issued reports on ETR shares. Morgan Stanley reiterated a “hold” rating on shares of Entergy Corp. in a report on Friday, June 10th. Deutsche Bank AG reiterated a “hold” rating and set a $78.00 target price on shares of Entergy Corp. in a report on Tuesday, April 19th. Goldman Sachs Group Inc. upgraded shares of Entergy Corp. from a “buy” rating to a “conviction-buy” rating and increased their target price for the stock from $87.00 to $88.00 in a report on Monday, June 6th. Jefferies Group increased their target price on shares of Entergy Corp. from $79.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, June 10th. Finally, Bank of America Corp. reiterated a “hold” rating on shares of Entergy Corp. in a report on Friday, June 10th. Eleven research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $78.95.
The company’s 50-day moving average is $80.32 and its 200 day moving average is $76.84. The company has a market capitalization of $14.00 billion and a PE ratio of 80.80.
Entergy Corp. (NYSE:ETR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $2.06. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, equities research analysts anticipate that Entergy Corp. will post $6.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $3.40 annualized dividend and a yield of 4.35%.
A number of hedge funds have modified their holdings of ETR. American International Group Inc. raised its stake in shares of Entergy Corp. by 1.0% in the fourth quarter. American International Group Inc. now owns 68,067 shares of the company’s stock worth $4,654,000 after buying an additional 672 shares during the period. BlackRock Advisors LLC raised its stake in shares of Entergy Corp. by 57.7% in the fourth quarter. BlackRock Advisors LLC now owns 206,557 shares of the company’s stock worth $14,120,000 after buying an additional 75,556 shares during the period. Utah Retirement Systems raised its stake in shares of Entergy Corp. by 0.3% in the fourth quarter. Utah Retirement Systems now owns 32,226 shares of the company’s stock worth $2,203,000 after buying an additional 100 shares during the period. I.G. Investment Management LTD. raised its stake in shares of Entergy Corp. by 57.3% in the fourth quarter. I.G. Investment Management LTD. now owns 49,729 shares of the company’s stock worth $3,399,000 after buying an additional 18,116 shares during the period. Finally, Advantus Capital Management Inc raised its stake in shares of Entergy Corp. by 1.6% in the fourth quarter. Advantus Capital Management Inc now owns 16,955 shares of the company’s stock worth $1,159,000 after buying an additional 268 shares during the period.
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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