The stock of Entergy Corporation (NYSE:ETR) is a huge mover today! About 281,391 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.
The move comes after 9 months positive chart setup for the $12.40 billion company. It was reported on Nov, 25 by Barchart.com. We have $75.77 PT which if reached, will make NYSE:ETR worth $1.12B more.
Analysts await Entergy Corporation (NYSE:ETR) to report earnings on February, 16. They expect $0.16 earnings per share, down 89.87% or $1.42 from last year’s $1.58 per share. ETR’s profit will be $28.54 million for 108.61 P/E if the $0.16 EPS becomes a reality. After $2.31 actual earnings per share reported by Entergy Corporation for the previous quarter, Wall Street now forecasts -93.07% negative EPS growth.
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. The rating was upgraded by Goldman Sachs to “Buy” on Friday, April 1. Goldman Sachs downgraded Entergy Corporation (NYSE:ETR) on Tuesday, July 28 to “Sell” rating. As per Monday, August 22, the company rating was upgraded by Guggenheim. Mizuho initiated the stock with “Neutral” rating in Tuesday, August 18 report. The firm has “Buy” rating by Bank of America given on Tuesday, April 12. The stock of Entergy Corporation (NYSE:ETR) earned “Neutral” rating by JP Morgan on Monday, March 14. The stock of Entergy Corporation (NYSE:ETR) has “Equal-Weight” rating given on Friday, March 18 by Barclays Capital. The stock of Entergy Corporation (NYSE:ETR) has “Sell” rating given on Monday, February 22 by UBS. The rating was upgraded by Bank of America to “Buy” on Tuesday, January 12. Jefferies maintained Entergy Corporation (NYSE:ETR) on Friday, June 10 with “Hold” rating.
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 increased to 1.35 in 2016 Q2. Its up 0.17, from 1.18 in 2016Q1. The ratio improved, 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.
Commonwealth Equity Serv reported 19,403 shares or 0.01% of all its holdings. The New Jersey-based Private Advisor Grp Limited Liability has invested 0.01% in Entergy Corporation (NYSE:ETR). The New York-based Goldman Sachs Group Inc Inc has invested 0.03% in Entergy Corporation (NYSE:ETR). Analytic Invsts Ltd Llc has 21,036 shares for 0.02% of their US portfolio. Employees Retirement Systems Of Texas holds 0.08% of its portfolio in Entergy Corporation (NYSE:ETR) for 70,000 shares. Prudential Financial, a New Jersey-based fund reported 1.49 million shares. Mizuho Tru & Bk Comm holds 0.07% of its portfolio in Entergy Corporation (NYSE:ETR) for 289,806 shares. Orleans Capital Management La has 0.84% invested in the company for 14,727 shares. Tru Of Vermont holds 1,120 shares or 0.01% of its portfolio. Loomis Sayles And L P last reported 7,624 shares in the company. Whittier Trust Com last reported 0.01% of its portfolio in the stock. First American Financial Bank owns 6,200 shares or 0.05% of their US portfolio. First Mercantile Tru Co accumulated 0.1% or 9,900 shares. Lsv Asset has invested 0.82% of its portfolio in Entergy Corporation (NYSE:ETR). Qci Asset accumulated 87 shares or 0% of the stock.
Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 3 sales for $316,418 net activity. DESPEAUX KIMBERLY H had sold 2,000 shares worth $159,100. Shares for $97,004 were sold by FISACKERLY HALEY on Wednesday, August 17. RICE CHARLES L JR sold $60,314 worth of stock.
Another recent and important Entergy Corporation (NYSE:ETR) news was published by Prnewswire.com which published an article titled: “Entergy Corporation Chairman and CEO to Present at 51st EEI Financial Conference” on November 02, 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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