Reaffirmed: Entergy Corp (NYSE:ETR) “Hold” Rating Reiterated by Analysts at RBC Capital; $80.0 Target in Place

January 20, 2018 - By Marry Poplack

 Reaffirmed: Entergy Corp (NYSE:ETR)

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.19, from 0.89 in 2017Q2. It is positive, as 26 investors sold Entergy Corporation shares while 165 reduced holdings. 60 funds opened positions while 147 raised stakes. 146.03 million shares or 0.84% less from 147.26 million shares in 2017Q2 were reported.

Gideon Capital Advsrs accumulated 0.27% or 3,535 shares. Quantres Asset Mngmt Limited holds 0.25% or 5,200 shares. Bnp Paribas Asset Management Holding accumulated 3,675 shares or 0% of the stock. Ameriprise reported 0.15% in Entergy Corporation (NYSE:ETR). Pennsylvania-based Dt Investment Partners Limited Liability has invested 0.32% in Entergy Corporation (NYSE:ETR). Rmb Capital Management Lc holds 0.02% of its portfolio in Entergy Corporation (NYSE:ETR) for 8,000 shares. Ftb Advisors Inc invested 0% in Entergy Corporation (NYSE:ETR). Cibc State Bank Usa invested in 3,971 shares. Convergence Inv Prns Ltd Co invested in 21,778 shares. Bnp Paribas Arbitrage holds 246,276 shares. Dupont Corporation, a Delaware-based fund reported 91,728 shares. 1.17M are owned by Legal & General Grp Incorporated Public Limited Company. State Of Tennessee Treasury Department has 48,833 shares for 0.02% of their portfolio. Veritable Limited Partnership reported 0.03% stake. United Financial Advisers Ltd Co reported 4,422 shares.

Since August 4, 2017, it had 0 buys, and 17 insider sales for $3.79 million activity. On Wednesday, August 23 RICE CHARLES L JR sold $78,950 worth of Entergy Corporation (NYSE:ETR) or 1,000 shares. Riley Richard C sold $205,000 worth of stock or 2,500 shares. FISACKERLY HALEY sold 2,000 shares worth $170,000. $77,780 worth of Entergy Corporation (NYSE:ETR) was sold by Rainer Sallie T on Thursday, August 17. The insider HINNENKAMP PAUL D sold $215,000. $75,998 worth of Entergy Corporation (NYSE:ETR) was sold by HERMAN ALEXIS M.

Entergy Corp (NYSE:ETR) Rating Reaffirmed

Recently, In an analyst note made public on 29 October, Entergy Corp (NYSE:ETR) shares have had their “Hold” Rating reconfirmed by professional analysts at RBC Capital, who currently has a $80.0 target price per share on firm. This target by RBC Capital indicates the possibile upside of 3.91 % from the current stock price.

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.19, from 0.89 in 2017Q2. It is positive, as 26 investors sold Entergy Corporation shares while 165 reduced holdings. 60 funds opened positions while 147 raised stakes. 146.03 million shares or 0.84% less from 147.26 million shares in 2017Q2 were reported.

Gideon Capital Advsrs accumulated 0.27% or 3,535 shares. Quantres Asset Mngmt Limited holds 0.25% or 5,200 shares. Bnp Paribas Asset Management Holding accumulated 3,675 shares or 0% of the stock. Ameriprise reported 0.15% in Entergy Corporation (NYSE:ETR). Pennsylvania-based Dt Investment Partners Limited Liability has invested 0.32% in Entergy Corporation (NYSE:ETR). Rmb Capital Management Lc holds 0.02% of its portfolio in Entergy Corporation (NYSE:ETR) for 8,000 shares. Ftb Advisors Inc invested 0% in Entergy Corporation (NYSE:ETR). Cibc State Bank Usa invested in 3,971 shares. Convergence Inv Prns Ltd Co invested in 21,778 shares. Bnp Paribas Arbitrage holds 246,276 shares. Dupont Corporation, a Delaware-based fund reported 91,728 shares. 1.17M are owned by Legal & General Grp Incorporated Public Limited Company. State Of Tennessee Treasury Department has 48,833 shares for 0.02% of their portfolio. Veritable Limited Partnership reported 0.03% stake. United Financial Advisers Ltd Co reported 4,422 shares.

Since August 4, 2017, it had 0 buys, and 17 insider sales for $3.79 million activity. On Wednesday, August 23 RICE CHARLES L JR sold $78,950 worth of Entergy Corporation (NYSE:ETR) or 1,000 shares. Riley Richard C sold $205,000 worth of stock or 2,500 shares. FISACKERLY HALEY sold 2,000 shares worth $170,000. $77,780 worth of Entergy Corporation (NYSE:ETR) was sold by Rainer Sallie T on Thursday, August 17. The insider HINNENKAMP PAUL D sold $215,000. $75,998 worth of Entergy Corporation (NYSE:ETR) was sold by HERMAN ALEXIS M.

Entergy Corporation (NYSE:ETR) Ratings Coverage

Among 16 analysts covering Entergy Corporation (NYSE:ETR), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Entergy Corporation has $101.0 highest and $59 lowest target. $83.32’s average target is 8.22% above currents $76.99 stock price. Entergy Corporation had 57 analyst reports since July 28, 2015 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by Mizuho. The stock of Entergy Corporation (NYSE:ETR) has “Hold” rating given on Wednesday, October 26 by Deutsche Bank. The firm has “Hold” rating by Jefferies given on Friday, June 10. The firm has “Neutral” rating by Mizuho given on Tuesday, August 18. The firm has “Hold” rating by Jefferies given on Friday, August 11. JP Morgan maintained it with “Neutral” rating and $76 target in Monday, March 14 report. The company was upgraded on Tuesday, September 22 by Barclays Capital. Barclays Capital downgraded the stock to “Equal-Weight” rating in Friday, February 19 report. The company was upgraded on Monday, August 22 by Guggenheim. The firm earned “Sell” rating on Tuesday, July 28 by Goldman Sachs.

The stock decreased 1.03% or $0.8 during the last trading session, reaching $76.99. About 1.38 million shares traded or 4.99% up from the average. Entergy Corporation (NYSE:ETR) has risen 1.84% since January 20, 2017 and is uptrending. It has underperformed by 14.86% the S&P500.

Analysts await Entergy Corporation (NYSE:ETR) to report earnings on February, 21. They expect $0.48 earnings per share, up 54.84 % or $0.17 from last year’s $0.31 per share. ETR’s profit will be $86.52M for 40.10 P/E if the $0.48 EPS becomes a reality. After $2.35 actual earnings per share reported by Entergy Corporation for the previous quarter, Wall Street now forecasts -79.57 % negative EPS growth.

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company has market cap of $13.88 billion. It operates through two divisions, Utility and Entergy Wholesale Commodities. It currently has negative earnings. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

More recent Entergy Corporation (NYSE:ETR) news were published by: Globenewswire.com which released: “Day & Zimmermann Awarded Nuclear Fleet Maintenance Contract by Entergy” on January 02, 2018. Also Seekingalpha.com published the news titled: “Reuters: Gulf Coast refineries restart after cold snap” on January 17, 2018. Nasdaq.com‘s news article titled: “Is Entergy Corporation a Great Stock for Value Investors?” with publication date: January 08, 2018 was also an interesting one.

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