Entergy Corporation (NYSE:ETR) – Equities researchers at Jefferies Group decreased their FY2018 earnings per share estimates for shares of Entergy Corporation in a research note issued to investors on Monday. Jefferies Group analyst A. Crowdell now anticipates that the utilities provider will post earnings per share of $4.72 for the year, down from their previous estimate of $4.75. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Entergy Corporation’s FY2019 earnings at $5.08 EPS and FY2020 earnings at $5.38 EPS.
A number of other brokerages have also commented on ETR. ValuEngine upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co raised their target price on shares of Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley lifted their price objective on shares of Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Citigroup Inc. raised shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Friday, October 13th. Finally, BMO Capital Markets restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $79.33.
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Entergy Corporation (ETR) traded up 0.14% during trading on Tuesday, hitting $84.72. 731,388 shares of the stock traded hands. The company’s 50 day moving average is $78.68 and its 200 day moving average is $77.50. The company’s market capitalization is $15.21 billion. Entergy Corporation has a one year low of $66.71 and a one year high of $84.76.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the company posted $3.16 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. W. E. Donoghue & Co. LLC bought a new position in Entergy Corporation during the second quarter worth about $15,434,000. Sentry Investment Management LLC lifted its holdings in shares of Entergy Corporation by 1.9% in the second quarter. Sentry Investment Management LLC now owns 14,360 shares of the utilities provider’s stock worth $1,102,000 after buying an additional 270 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Entergy Corporation by 25.5% in the second quarter. Toronto Dominion Bank now owns 61,023 shares of the utilities provider’s stock worth $4,684,000 after buying an additional 12,390 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Entergy Corporation by 2.1% in the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after buying an additional 49 shares in the last quarter. Finally, Afam Capital Inc. lifted its holdings in shares of Entergy Corporation by 4.2% in the second quarter. Afam Capital Inc. now owns 52,193 shares of the utilities provider’s stock worth $4,007,000 after buying an additional 2,119 shares in the last quarter. Institutional investors own 84.15% of the company’s stock.
In related news, Director Alexis M. Herman sold 995 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sallie T. Rainer sold 6,300 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $516,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,945 shares of company stock valued at $1,878,157. Company insiders own 0.24% of the company’s stock.
About Entergy Corporation
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.
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