Entergy Corp. (ETR) Shares Gap Up to $79.27
Entergy Corp. (NYSE:ETR) gapped up before the market opened on Friday . The stock had previously closed at $79.26, but opened at $79.27. Entergy Corp. shares last traded at $79.62, with a volume of 432,841 shares.
Several brokerages have weighed in on ETR. Citigroup Inc. upped their price target on Entergy Corp. from $72.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. JPMorgan Chase & Co. restated a “hold” rating and set a $81.00 price target on shares of Entergy Corp. in a report on Friday, June 10th. Jefferies Group reiterated a “hold” rating and issued a $79.00 price objective on shares of Entergy Corp. in a report on Wednesday, April 27th. BMO Capital Markets reiterated a “hold” rating on shares of Entergy Corp. in a report on Wednesday, April 27th. Finally, Bank of America Corp. reiterated a “hold” rating on shares of Entergy Corp. in a report on Friday, June 10th. Eleven analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $78.95.
The company has a market capitalization of $14.23 billion and a P/E ratio of 82.15. The firm has a 50 day moving average price of $80.31 and a 200-day moving average price of $76.68.
Entergy Corp. (NYSE:ETR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $2.06. During the same period last year, the firm posted $0.83 EPS. Equities analysts predict 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. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Tuesday, August 9th.
In other Entergy Corp. news, Director Alexis M. Herman sold 1,091 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $76.24, for a total transaction of $83,177.84. Following the transaction, the director now owns 1,227 shares in the company, valued at $93,546.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Several hedge funds and institutional investors recently modified their holdings of the company. American International Group Inc. boosted its position 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 in the last quarter. BlackRock Advisors LLC boosted its position 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 in the last quarter. Utah Retirement Systems boosted its position 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 in the last quarter. Affinity Investment Advisors LLC boosted its position in shares of Entergy Corp. by 1.1% in the fourth quarter. Affinity Investment Advisors LLC now owns 48,870 shares of the company’s stock worth $3,341,000 after buying an additional 530 shares in the last quarter. Finally, I.G. Investment Management LTD. boosted its position 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 in 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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