3 days Ago By ABMN Staff
Entergy Corporation ( NYSE:ETR – Get Free Report ) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 4,970,000 shares, a growth of 53.4% from the November 30th total of 3,240,000 shares.
Based on an average daily trading volume, of 3,500,000 shares, the short-interest ratio is presently 1.4 days. Entergy Trading Down 0.
2 % Entergy stock opened at $75.76 on Monday. The company has a debt-to-equity ratio of 1.
77, a current ratio of 0.89 and a quick ratio of 0.59.
The firm’s 50 day moving average price is $73.95 and its 200-day moving average price is $64.42.
Entergy has a 1 year low of $48.08 and a 1 year high of $79.04.
The stock has a market cap of $32.49 billion, a P/E ratio of 18.46, a PEG ratio of 2.
48 and a beta of 0.71. Entergy ( NYSE:ETR – Get Free Report ) last announced its quarterly earnings results on Thursday, October 31st.
The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.
04. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.
46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.
53%. During the same quarter in the previous year, the company earned $1.64 EPS.
On average, equities analysts predict that Entergy will post 3.61 earnings per share for the current fiscal year. Entergy Cuts Dividend Insider Activity at Entergy In other news, insider Eliecer Viamontes sold 400 shares of the firm’s stock in a transaction on Wednesday, November 6th.
The stock was sold at an average price of $73.50, for a total value of $29,400.00.
Following the transaction, the insider now directly owns 8,346 shares in the company, valued at $613,431. This trade represents a 4.57 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available at this link . Also, insider Haley Fisackerly sold 8,268 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $74.
52, for a total value of $616,090.02. Following the sale, the insider now owns 4,032 shares of the company’s stock, valued at approximately $300,444.
48. This trade represents a 67.22 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 14,756 shares of company stock valued at $1,095,637 over the last ninety days. Insiders own 0.
39% of the company’s stock. Hedge Funds Weigh In On Entergy Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co.
lifted its holdings in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co.
now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after acquiring an additional 1,354,355 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Entergy by 4.
0% in the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock worth $36,885,000 after purchasing an additional 10,697 shares during the period.
B. Riley Wealth Advisors Inc. increased its position in shares of Entergy by 35.
9% during the 3rd quarter. B. Riley Wealth Advisors Inc.
now owns 13,076 shares of the utilities provider’s stock valued at $1,723,000 after purchasing an additional 3,456 shares during the last quarter. DGS Capital Management LLC raised its holdings in Entergy by 17.9% during the 3rd quarter.
DGS Capital Management LLC now owns 4,141 shares of the utilities provider’s stock valued at $545,000 after buying an additional 628 shares during the period. Finally, Franklin Resources Inc. lifted its position in Entergy by 53.
0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after buying an additional 1,981,611 shares during the last quarter.
Institutional investors own 88.07% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on the stock.
Barclays increased their price objective on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th.
Royal Bank of Canada lifted their price target on shares of Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th.
UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd.
Wells Fargo & Company lifted their target price on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st.
Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.40.
View Our Latest Report on ETR About Entergy ( Get Free Report ) Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas. Featured Stories Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.
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