Entergy Corporation (ETR) Upgraded to “Buy” at ValuEngine
Entergy Corporation (NYSE:ETR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.
Several other research firms also recently commented on ETR. TheStreet raised shares of Entergy Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Deutsche Bank AG raised their price target on shares of Entergy Corporation from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. BidaskClub raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price target on shares of Entergy Corporation in a research note on Tuesday, May 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a research note on Friday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Entergy Corporation has an average rating of “Hold” and an average target price of $78.46.
Entergy Corporation (ETR) traded down 0.38% during trading on Monday, hitting $76.59. 1,300,616 shares of the company’s stock were exchanged. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $81.83. The company’s market cap is $13.75 billion. The firm has a 50 day moving average price of $77.14 and a 200 day moving average price of $75.66.
Entergy Corporation (NYSE:ETR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating 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 business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the firm posted $3.16 earnings per share. On average, equities research analysts predict that Entergy Corporation will post $5.31 earnings per share for the current year.
In related news, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 600 shares of Entergy Corporation stock in a transaction that occurred 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. 0.24% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Entergy Corporation during the first quarter worth about $839,000. Fox Run Management L.L.C. acquired a new position in Entergy Corporation during the first quarter worth about $352,000. Atria Investments LLC raised its position in Entergy Corporation by 43.4% in the first quarter. Atria Investments LLC now owns 32,555 shares of the utilities provider’s stock worth $2,473,000 after buying an additional 9,848 shares in the last quarter. Visionary Asset Management Inc. raised its position in Entergy Corporation by 11.7% in the first quarter. Visionary Asset Management Inc. now owns 42,086 shares of the utilities provider’s stock worth $3,197,000 after buying an additional 4,400 shares in the last quarter. Finally, Horrell Capital Management Inc. raised its position in Entergy Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,290 shares of the utilities provider’s stock worth $2,073,000 after buying an additional 100 shares in the last quarter. 83.29% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.