It is trading at $86.39 which is marginally higher than $80.57, the stock’s 50 day moving average and quite a bit above the 200 day moving average of $78.25. The 50 day moving average was up by +7.22% and the 200 day average went up $8.14 or +10.41%. Entergy Corporation shares had a trading volume of 1,142K in the last trading session. Trading volume was down 4.41% under the stocks average daily volume.
Short traders are feeling a little more bullish on shares of Entergy Corporation as shown by the decrease in short interest. The firm experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -16.25%. Short shares decreased 567,651 over that timeframe. Days to cover decreased 0.0 to 3.0 and the percentage of shorted shares is 0.02% as of September 29.
Here is a rundown on some insider market activity for Entergy Corporation (NYSE:ETR). Paul D. Hinnenkamp, Sr VP disclosed the sale of 2,500 shares of ETR stock. The shares were purchased at an average price of $86.00. The Sr VP now owns $1,799,550 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (ETR). As of the end of the quarter Pictet Asset Management Ltd had sold a total of 58,390 shares trimming its position 7.2%. The value of the investment in ETR decreased from $63,955,000 to $57,312,000 decreasing 10.4% quarter to quarter. Raymond James Financial Services Advisors, Inc. expanded its position by buying 15,994 shares an increase of 112.7% in the quarter. Raymond James Financial Services Advisors, Inc. claims 30,186 shares valued at $2,305,000. The value of the position overall is up by 111.5%.
As of quarter end Korea Investment Corp had disposed of 6,000 shares trimming its holdings by 5.4%. The value of the company’s investment in Entergy Corporation went from $8,503,000 to $8,000,000 a change of 5.9% quarter over quarter. Aperio Group, LLC grew its stake by buying 4,744 shares an increase of 2.7% as of 09/30/2017. Aperio Group, LLC currently owns 183,232 shares worth $13,992,000. The total value of its holdings increased 2.1%.
On August 10 Morgan Stanley held the stock rating at “Underweight” and raised the price target to $82.00 from $79.00. September 8 investment analysts at Morgan Stanley kept the stock rating at “Underweight” but raised the price target from $82.00 to $84.00.
On September 21 the company was upgraded to “Equal-Weight” from “Underweight” by Morgan Stanley. On October 12 JP Morgan left the stock rating at “Neutral” and raised the price expectation to $84.00 from $76.00.
On October 13, 2017 the stock rating was changed to “Buy” in a report from Citigroup up from the previous “Neutral” rating. On October 16 the company was set at “Buy” according to a Jefferies report which was a boost from the previous “Hold” rating.
In the market the company is trading down by 0.44%% since yesterday’s close of 86.77. Entergy Corporation also recently announced a dividend for shareholders that will be paid on Friday the 1st of December 2017. The dividend will be $0.870 per share for the quarter or $3.48 annualized. This dividend represents a yield of $4.04. The ex-dividend date is set for Tuesday the 8th of August 2017.
In the last earnings report the EPS was $-4.96 and is expected to be $6.88 for the current year with 179,520,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.14 and the next full year EPS is anticipated to be $5.03.
Entergy Corporation, launched on August 19, 1992, 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 segments: Utility and Entergy Wholesale Commodities. As of December 31, 2016, the Company owned and operated power plants with over 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity..