The stock of Entergy Corporation (NYSE:ETR) is a huge mover today! About 1.15 million shares traded hands. Entergy Corporation (NYSE:ETR) has risen 0.29% since March 3, 2016 and is uptrending. It has underperformed by 8.06% the S&P500.
The move comes after 9 months positive chart setup for the $13.10 billion company. It was reported on Oct, 6 by Barchart.com. We have $111.71 PT which if reached, will make NYSE:ETR worth $6.68 billion more.
Analysts await Entergy Corporation (NYSE:ETR) to report earnings on November, 7. They expect $1.71 EPS, down 10.00% or $0.19 from last year’s $1.9 per share. ETR’s profit will be $302.80M for 10.82 P/E if the $1.71 EPS becomes a reality. After $3.11 actual EPS reported by Entergy Corporation for the previous quarter, Wall Street now forecasts -45.02% negative EPS growth.
Entergy Corporation (NYSE:ETR) Ratings Coverage
Out of 12 analysts covering Entergy Corporation (NYSE:ETR), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. Entergy Corporation has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, August 18 by Mizuho. The firm earned “Neutral” rating on Monday, October 19 by Goldman Sachs. Barclays Capital downgraded Entergy Corporation (NYSE:ETR) rating on Friday, February 19. Barclays Capital has “Equal-Weight” rating and $76 price target. The firm has “Buy” rating by Guggenheim given on Monday, August 22. The stock has “Neutral” rating given by Mizuho on Wednesday, October 14. The firm has “Neutral” rating by JP Morgan given on Monday, March 14. The firm has “Sell” rating given on Thursday, September 24 by UBS. As per Tuesday, April 12, the company rating was upgraded by Bank of America. Zacks downgraded Entergy Corporation (NYSE:ETR) on Monday, September 7 to “Sell” rating. The stock of Entergy Corporation (NYSE:ETR) earned “Buy” rating by Bank of America on Tuesday, January 12.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.17, from 1.35 in 2016Q1. The ratio dropped, 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.
The Texas-based Sentinel Company Lba has invested 0.76% in Entergy Corporation (NYSE:ETR). The New York-based Jpmorgan Chase And has invested 0.02% in Entergy Corporation (NYSE:ETR). Moreover, Joel Isaacson And Commerce Ltd has 0% invested in Entergy Corporation (NYSE:ETR) for 272 shares. Moreover, State Board Of Administration Of Florida Retirement Systems has 0.06% invested in Entergy Corporation (NYSE:ETR) for 248,519 shares. Deutsche Financial Bank Ag holds 0.06% of its portfolio in Entergy Corporation (NYSE:ETR) for 988,524 shares. Burney Co last reported 3,330 shares in the company. British Columbia Invest Mngmt Corporation holds 0.04% or 61,009 shares in its portfolio. Seven Eight Ltd Limited Liability Company, a New York-based fund reported 4,300 shares. Ibm Retirement Fund holds 0.06% or 21,221 shares in its portfolio. Baldwin Brothers Ma reported 115 shares or 0% of all its holdings. Meeder Asset Incorporated holds 0.14% or 18,885 shares in its portfolio. Wetherby Asset Mgmt accumulated 0.06% or 3,147 shares. Fin Architects, a New Jersey-based fund reported 520 shares. Babson Cap Management Ltd Liability holds 0.03% of its portfolio in Entergy Corporation (NYSE:ETR) for 12,509 shares. Ghp Advsr holds 0.11% of its portfolio in Entergy Corporation (NYSE:ETR) for 5,993 shares.
Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 7 insider sales for $5.66 million net activity. FISACKERLY HALEY sold $149,208 worth of Entergy Corporation (NYSE:ETR) on Wednesday, May 4. 760 Entergy Corporation (NYSE:ETR) shares with value of $60,314 were sold by RICE CHARLES L JR. The insider HERMAN ALEXIS M sold 1,091 shares worth $83,178. Shares for $4.85M were sold by WEST RODERICK K on Tuesday, May 3. Another trade for 2,000 shares valued at $159,100 was made by DESPEAUX KIMBERLY H on Friday, August 12.
More important recent Entergy Corporation (NYSE:ETR) news were published by: Businesswire.com which released: “Entergy Corporation Selects Silver Spring Networks for Smart Grid Program” on October 06, 2016, also Prnewswire.com published article titled: “Entergy Corporation Chairman and CEO to Speak at Wolfe Research Power & Gas …”, Prnewswire.com published: “Entergy Mississippi, Inc. Announces Redemption of First Mortgage Bonds, 6.20 …” on September 15, 2016. More interesting news about Entergy Corporation (NYSE:ETR) was released by: Prnewswire.com and their article: “Andrea Coughlin Rowley to Lead Entergy Human Resources” with publication date: September 14, 2016.
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.
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