Entergy Corporation (NYSE:ETR) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for Entergy Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst A. Crowdell anticipates that the utilities provider will post earnings per share of $2.13 for the quarter. Jefferies Group currently has a “Hold” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Entergy Corporation’s Q4 2017 earnings at $0.72 EPS and FY2017 earnings at $7.00 EPS.
Several other brokerages also recently weighed in on ETR. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets restated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research note on Friday, August 4th. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company boosted their target price on Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $78.46.
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Shares of Entergy Corporation (NYSE ETR) opened at 77.50 on Monday. The stock has a 50 day moving average price of $76.90 and a 200-day moving average price of $75.68. The stock’s market capitalization is $13.91 billion. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83.
Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the firm posted $3.16 earnings per share.
A number of hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its stake in Entergy Corporation by 11.3% in the fourth quarter. Macquarie Group Ltd. now owns 59,300 shares of the utilities provider’s stock valued at $4,357,000 after buying an additional 6,000 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Entergy Corporation by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,744 shares of the utilities provider’s stock valued at $11,830,000 after buying an additional 4,608 shares during the last quarter. Creative Planning increased its stake in Entergy Corporation by 19.7% in the first quarter. Creative Planning now owns 11,333 shares of the utilities provider’s stock valued at $861,000 after buying an additional 1,862 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Entergy Corporation by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 54,762 shares of the utilities provider’s stock valued at $4,159,000 after buying an additional 440 shares during the last quarter. Finally, National Pension Service increased its stake in Entergy Corporation by 8.0% in the first quarter. National Pension Service now owns 159,740 shares of the utilities provider’s stock valued at $12,116,000 after buying an additional 11,878 shares during the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.
In other Entergy Corporation news, insider Haley Fisackerly sold 600 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $75.92, for a total transaction of $45,552.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alexis M. Herman sold 995 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.87 per share. The ex-dividend date is Tuesday, August 8th. This represents a $3.48 annualized dividend and a yield of 4.49%. Entergy Corporation’s payout ratio is presently -69.74%.
About Entergy Corporation
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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