Short Interest Summary: Could Entergy Corporation New (NYSE:ETR) Change Direction After More Shorts?

December 1, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Summary: Could Entergy Corporation New (NYSE:ETR) Change Direction After More Shorts?

The stock of Entergy Corporation New (NYSE:ETR) registered an increase of 15.84% in short interest. ETR’s total short interest was 5.89 million shares in December as published by FINRA. Its up 15.84% from 5.08 million shares, reported previously. With 1.44 million shares average volume, it will take short sellers 4 days to cover their ETR’s short positions. The short interest to Entergy Corporation New’s float is 3.3%. About 1.37 million shares traded hands. Entergy Corporation (NYSE:ETR) has declined 7.66% since April 28, 2016 and is downtrending. It has underperformed by 13.58% the S&P500.

Entergy Corporation is a holding company. The company has a market cap of $11.88 billion. The Firm is an integrated energy firm engaged in electric power production and retail electric distribution operations. It has a 9.62 P/E ratio. It operates through two business divisions: Utility and Entergy Wholesale Commodities.

Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.17, from 1.18 in 2016Q1. The ratio is positive, as 33 funds sold all Entergy Corporation shares owned while 163 reduced positions. 48 funds bought stakes while 184 increased positions. They now own 148.79 million shares or 3.31% more from 144.01 million shares in 2016Q1.
Hm Payson & last reported 0.02% of its portfolio in the stock. California Pub Employees Retirement holds 667,836 shares or 0.09% of its portfolio. Moreover, Next Grp Incorporated has 0.01% invested in Entergy Corporation (NYSE:ETR) for 300 shares. Bnp Paribas Investment Prns Sa has 7,221 shares for 0% of their US portfolio. Asset Management has invested 0.51% of its portfolio in Entergy Corporation (NYSE:ETR). Jacobs Levy Equity Incorporated last reported 0.2% of its portfolio in the stock. Qs Ltd reported 82,564 shares or 0.06% of all its holdings. Breton Hill Limited holds 98,147 shares or 2.57% of its portfolio. Gulf Int Comml Bank (Uk) has 0.07% invested in the company for 53,722 shares. Narwhal Capital Mgmt has 15,800 shares for 0.4% of their US portfolio. Korea has invested 0.05% of its portfolio in Entergy Corporation (NYSE:ETR). Henderson Grp Incorporated Public Limited holds 0.01% or 21,065 shares in its portfolio. Blackrock Japan Company owns 229,535 shares or 0.07% of their US portfolio. Analytic Invsts Ltd has 21,036 shares for 0.02% of their US portfolio. State Of Tennessee Treasury Department holds 0.05% of its portfolio in Entergy Corporation (NYSE:ETR) for 124,670 shares.

Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 3 sales for $316,418 net activity. Shares for $159,100 were sold by DESPEAUX KIMBERLY H. On Wednesday, August 17 the insider FISACKERLY HALEY sold $97,004. On Friday, August 26 RICE CHARLES L JR sold $60,314 worth of the stock or 760 shares.

Entergy Corporation (NYSE:ETR) Ratings Coverage

Out of 13 analysts covering Entergy Corporation (NYSE:ETR), 2 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 15% are positive. Entergy Corporation has been the topic of 31 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Guggenheim upgraded the stock to “Buy” rating in Monday, August 22 report. Bank of America upgraded Entergy Corporation (NYSE:ETR) on Tuesday, April 12 to “Buy” rating. The stock has “Neutral” rating given by Mizuho on Tuesday, August 18. The company was maintained on Wednesday, October 26 by Deutsche Bank. The stock has “Sell” rating given by UBS on Thursday, September 24. The firm earned “Sell” rating on Monday, September 7 by Zacks. Goldman Sachs upgraded Entergy Corporation (NYSE:ETR) on Monday, October 19 to “Neutral” rating. As per Wednesday, October 14, the company rating was maintained by Mizuho. The rating was downgraded by Bank of America to “Underperform” on Tuesday, November 22. The company was maintained on Monday, February 22 by UBS.

ETR Company Profile

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 Nellie Frank

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