The stock of Entergy Corporation (NYSE:ETR) is a huge mover today! About 762,196 shares traded hands. Entergy Corporation (NYSE:ETR) has declined 1.37% since March 11, 2016 and is downtrending. It has underperformed by 6.83% the S&P500.
The move comes after 9 months negative chart setup for the $13.39B company. It was reported on Oct, 14 by Barchart.com. We have $70.37 PT which if reached, will make NYSE:ETR worth $669.50M less.
Analysts await Entergy Corporation (NYSE:ETR) to report earnings on November, 7. They expect $1.71 earnings per share, down 10.00% or $0.19 from last year’s $1.9 per share. ETR’s profit will be $309.13 million for 10.83 P/E if the $1.71 EPS becomes a reality. After $3.11 actual earnings per share 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 rating was upgraded by Guggenheim to “Buy” on Monday, August 22. UBS downgraded Entergy Corporation (NYSE:ETR) on Thursday, September 24 to “Sell” rating. Goldman Sachs downgraded the shares of ETR in a report on Tuesday, July 28 to “Sell” rating. Goldman Sachs upgraded Entergy Corporation (NYSE:ETR) on Monday, October 19 to “Neutral” rating. Citigroup maintained Entergy Corporation (NYSE:ETR) on Wednesday, July 20 with “Neutral” rating. Jefferies maintained Entergy Corporation (NYSE:ETR) rating on Friday, June 10. Jefferies has “Hold” rating and $84 price target. Mizuho maintained Entergy Corporation (NYSE:ETR) on Wednesday, October 14 with “Neutral” rating. The stock of Entergy Corporation (NYSE:ETR) earned “Neutral” rating by JP Morgan on Monday, September 21. UBS maintained the stock with “Sell” rating in Monday, February 22 report. The rating was maintained by JP Morgan with “Neutral” on Monday, March 14.
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 2016 Q2. Its down 0.17, from 1.35 in 2016Q1. The ratio worsened, 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.
Oregon Employees Retirement Fund has 51,035 shares for 0.09% of their US portfolio. Burney Co accumulated 3,330 shares or 0.02% of the stock. Twin Mngmt Incorporated holds 25,770 shares or 0.16% of its portfolio. World Asset Management last reported 19,201 shares in the company. Charter Communication last reported 0.03% of its portfolio in the stock. Boothbay Fund Ltd Co has 5,631 shares for 0.22% of their US portfolio. The Korea-based Natl Pension Serv has invested 0.09% in Entergy Corporation (NYSE:ETR). Moreover, Dt Prtn Limited Liability Company has 0.23% invested in Entergy Corporation (NYSE:ETR) for 10,478 shares. Parkside Savings Bank has 56 shares for 0% of their US portfolio. Proshare Advisors Ltd Liability accumulated 0.02% or 19,635 shares. Moreover, Paloma Prtn Mngmt has 0.03% invested in Entergy Corporation (NYSE:ETR) for 29,607 shares. Hanlon Investment accumulated 1.03% or 146,082 shares. Mizuho Asset Mgmt Coltd has 2,345 shares for 0.03% of their US portfolio. Blackrock Fund Advsrs reported 6.85 million shares or 0.12% of all its holdings. Sumitomo Mitsui Asset Mgmt holds 0.03% or 13,817 shares in its portfolio.
Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 7 insider sales for $5.66 million net activity. $83,178 worth of Entergy Corporation (NYSE:ETR) was sold by HERMAN ALEXIS M. Shares for $149,208 were sold by FISACKERLY HALEY on Wednesday, May 4. $262,342 worth of Entergy Corporation (NYSE:ETR) was sold by RICE CHARLES L JR on Wednesday, May 11. 64,000 shares were sold by WEST RODERICK K, worth $4.85M. DESPEAUX KIMBERLY H had sold 2,000 shares worth $159,100 on Friday, August 12.
More notable recent Entergy Corporation (NYSE:ETR) news were published by: Prnewswire.com which released: “Entergy Corporation Chairman and CEO to Speak at Wolfe Research Power & Gas …” on September 19, 2016, also Prnewswire.com with their article: “Entergy Named as National Leader in Economic Development” published on September 29, 2016, Businesswire.com published: “Entergy Corporation Selects Silver Spring Networks for Smart Grid Program” on October 06, 2016. More interesting news about Entergy Corporation (NYSE:ETR) were released by: Prnewswire.com and their article: “Entergy Mississippi, Inc. Announces Redemption of First Mortgage Bonds, 6.20 …” published on September 15, 2016 as well as Prnewswire.com‘s news article titled: “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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