November 25, 2016 - By Ruchi Gupta · 0 Comments
Entergy Corp (NYSE:ETR) institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.17, from 1.18 in 2016Q1. The ratio has improved, as 232 investment managers increased and opened new equity positions, while 196 decreased and sold stock positions in Entergy Corp. The investment managers in our partner’s database now possess: 148.79 million shares, up from 144.01 million shares in 2016Q1. Also, the number of investment managers holding Entergy Corp in their top 10 equity positions increased from 4 to 6 for an increase of 2. Sold All: 33 Reduced: 163 Increased: 184 New Position: 48.
Entergy Corporation is a holding company. The company has a market cap of $12.40 billion. The Firm is an integrated energy firm engaged in electric power production and retail electric distribution operations. It has a 9.71 P/E ratio. It operates through two business divisions: Utility and Entergy Wholesale Commodities.
The stock increased 2.07% or $1.41 during the last trading session, hitting $69.53. About 737,674 shares traded hands. Entergy Corporation (NYSE:ETR) has declined 8.38% since April 22, 2016 and is downtrending. It has underperformed by 13.79% the S&P500.
Analysts await Entergy Corporation (NYSE:ETR) to report earnings on February, 16. They expect $0.16 EPS, down 89.87% or $1.42 from last year’s $1.58 per share. ETR’s profit will be $28.53 million for 108.64 P/E if the $0.16 EPS becomes a reality. After $2.31 actual EPS reported by Entergy Corporation for the previous quarter, Wall Street now forecasts -93.07% negative EPS growth.
According to Zacks Investment Research, “Entergy Corporation engages principally in the following businesses: domestic utility operations, power marketing and trading, global power development, and domestic non-utility nuclear operations. They are a major integrated energy company engaged in power production, distribution operations, and related diversified services. They are also a leading provider of wholesale energy marketing and trading services, as well as an operator of natural gas pipeline and storage facilities.”
Symons Capital Management Inc holds 5.15% of its portfolio in Entergy Corporation for 272,276 shares. Electron Capital Partners Llc owns 237,633 shares or 4.77% of their US portfolio. Moreover, Polaris Greystone Financial Group Llc has 2.6% invested in the company for 205,761 shares. The Ontario – Canada-based Breton Hill Capital Ltd. has invested 2.57% in the stock. Hgk Asset Management Inc, a New Jersey-based fund reported 179,380 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $316,418 net activity.
Ratings analysis reveals 15% of Entergy Corporation’s analysts are positive. Out of 13 Wall Street analysts rating Entergy Corporation, 2 give it “Buy”, 4 “Sell” rating, while 7 recommend “Hold”. The lowest target is $59 while the high is $84. The stock’s average target of $75.35 is 8.37% above today’s ($69.53) share price. ETR was included in 31 notes of analysts from July 28, 2015. The firm has “Neutral” rating given on Monday, March 14 by JP Morgan. The company was initiated on Tuesday, August 18 by Mizuho. Citigroup maintained it with “Neutral” rating and $83 target price in Wednesday, July 20 report. The stock of Entergy Corporation (NYSE:ETR) earned “Neutral” rating by Citigroup on Friday, September 18. Bank of America downgraded the stock to “Underperform” rating in Tuesday, November 22 report. Jefferies maintained Entergy Corporation (NYSE:ETR) on Friday, June 10 with “Hold” rating. Bank of America upgraded Entergy Corporation (NYSE:ETR) on Tuesday, April 12 to “Buy” rating. On Friday, March 18 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Entergy Corporation (NYSE:ETR) has “Sell” rating given on Monday, September 7 by Zacks. The rating was upgraded by Bank of America to “Buy” on Tuesday, January 12.
Entergy Corporation, incorporated on August 19, 1992, is a holding company. The Firm is an integrated energy firm engaged in electric power production and retail electric distribution operations. The Firm operates through two divisions: Utility and Entergy Wholesale Commodities. The Firm owns and operates power plants with over 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity.
More recent Entergy Corporation (NYSE:ETR) news were published by: Prnewswire.com which released: “Entergy Corporation Chairman and CEO to Present at 51st EEI Financial Conference” on November 02, 2016. Also Prnewswire.com published the news titled: “Powering the Future of Louisiana” on November 17, 2016. Nasdaq.com‘s news article titled: “Entergy Corporation (ETR) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016 was also an interesting one.
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By Ruchi Gupta