Traders Sell Shares of Entergy Corporation (ETR) on Strength (ETR)
Traders sold shares of Entergy Corporation (NYSE:ETR) on strength during trading hours on Monday. $11.73 million flowed into the stock on the tick-up and $29.77 million flowed out of the stock on the tick-down, for a money net flow of $18.04 million out of the stock. Of all stocks tracked, Entergy Corporation had the 0th highest net out-flow for the day. Entergy Corporation traded up $0.21 for the day and closed at $78.86
A number of equities research analysts have commented on ETR shares. BMO Capital Markets restated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a research report on Friday, August 4th. BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Morgan Stanley lifted their target price on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a research report on Thursday, July 6th. Finally, ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $77.70.
The firm’s market cap is $14.30 billion. The company’s 50 day moving average price is $78.50 and its 200-day moving average price is $77.39.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, beating the consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company posted $3.16 earnings per share. Analysts expect that Entergy Corporation will post $6.57 EPS for the current fiscal year.
In other Entergy Corporation news, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. Insiders sold 3,495 shares of company stock worth $271,313 over the last three months. 0.24% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. raised its position in Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 410 shares during the period. V Wealth Management LLC purchased a new position in Entergy Corporation in the second quarter valued at about $106,000. Advisory Services Network LLC raised its position in Entergy Corporation by 2.1% in the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC raised its position in Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after purchasing an additional 1,770 shares during the period. Finally, BlueMountain Capital Management LLC purchased a new position in Entergy Corporation in the second quarter valued at about $204,000. 84.16% of the stock is currently owned by institutional investors.
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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