Investors sold shares of Entergy Corp. (NYSE:ETR) on strength during trading on Thursday. $24.05 million flowed into the stock on the tick-up and $37.11 million flowed out of the stock on the tick-down, for a money net flow of $13.06 million out of the stock. Of all companies tracked, Entergy Corp. had the 0th highest net out-flow for the day. Entergy Corp. traded up $0.51 for the day and closed at $80.78
A number of analysts have weighed in on the stock. Citigroup Inc. raised their price objective on shares of Entergy Corp. from $72.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. JPMorgan Chase & Co. reissued a “hold” rating and set a $81.00 price objective on shares of Entergy Corp. in a report on Friday, June 10th. Bank of America Corp. reissued a “hold” rating on shares of Entergy Corp. in a report on Friday, June 10th. Jefferies Group raised their price objective on shares of Entergy Corp. from $79.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, June 10th. Finally, Deutsche Bank AG cut their price objective on shares of Entergy Corp. from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, August 3rd. Ten research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Entergy Corp. presently has an average rating of “Hold” and a consensus price target of $80.05.
The stock has a market cap of $14.46 billion, a PE ratio of 83.45 and a beta of 0.32. The firm’s 50-day moving average price is $79.42 and its 200-day moving average price is $77.62.
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Entergy Corp. (NYSE:ETR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $2.06. During the same period in the previous year, the firm posted $0.83 earnings per share. Equities research analysts anticipate that Entergy Corp. will post $6.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, August 9th. Entergy Corp.’s payout ratio is 354.17%.
In other Entergy Corp. news, insider Charles L. Rice, Jr. sold 760 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $79.36, for a total value of $60,313.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $77.60, for a total value of $97,000.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
Entergy Corp. Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It 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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