Entergy Corporation (NYSE:ETR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other research analysts have also issued reports on the stock. Deutsche Bank AG increased their price target on shares of Entergy Corporation from $75.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Zacks Investment Research lowered shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. BidaskClub lowered shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Wells Fargo & Company increased their price target on shares of Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Entergy Corporation presently has an average rating of “Hold” and a consensus price target of $78.46.

Shares of Entergy Corporation (ETR) traded down 0.38% during trading on Monday, reaching $76.59. The company’s stock had a trading volume of 1,300,616 shares. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The company’s 50-day moving average price is $77.14 and its 200 day moving average price is $75.66. The stock’s market capitalization is $13.75 billion.

Entergy Corporation (NYSE:ETR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $3.16 earnings per share. Analysts anticipate that Entergy Corporation will post $5.31 EPS for the current year.

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In related news, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 600 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $75.92, for a total transaction of $45,552.00. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Several large investors have recently modified their holdings of the company. Hudock Capital Group LLC raised its stake in shares of Entergy Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,994 shares of the utilities provider’s stock worth $379,000 after buying an additional 20 shares during the last quarter. Advisor Partners LLC raised its stake in shares of Entergy Corporation by 0.5% in the second quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock valued at $375,000 after buying an additional 24 shares during the last quarter. Univest Corp of Pennsylvania raised its stake in shares of Entergy Corporation by 0.6% in the second quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock valued at $329,000 after buying an additional 25 shares during the last quarter. Ffcm LLC raised its stake in shares of Entergy Corporation by 0.4% in the first quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock valued at $629,000 after buying an additional 31 shares during the last quarter. Finally, Cleararc Capital Inc. raised its stake in shares of Entergy Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock valued at $334,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.

Entergy Corporation 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. The Company 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.

Analyst Recommendations for Entergy Corporation (NYSE:ETR)

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