Stock is down at $85.23 (ETR) Entergy Reports Third Quarter Earnings


Entergy Corporation (NYSE:ETR):

Entergy Reports Third Quarter Earnings.

The company is down since yesterday’s close of 85.66.

Entergy Corporation announced a dividend that was paid on Friday the 1st of September 2017. The dividend was $0.870 per share for the quarter which comes to $3.48 on an annualized basis. The dividend yield was $4.08. The ex-dividend date was Tuesday the 8th of August 2017.

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..

Shares of the company are trading at $85.23 just above the 50 day moving average of $79.62 and which is slightly above the 200 day moving average of $77.89. The 50 day moving average moved up $5.61 and the 200 day average went up $7.34 or +9.42%.

As of the last earnings report the EPS was $-4.96 and is expected to be $6.75 for the current year with 179,520,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.57 and the next full year EPS is projected to be $4.91.

Investors are feeling more bullish of late if you watch the motion in short interest. The company saw a fall in short interest between September 15, 2017 and September 29, 2017 of -16.25%. Short shares decreased from 3,493,003 to 2,925,352 over that timeframe. With short interest at 2,925,352 and short average daily volume at 1,000,310, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.02% on September 29.

Several analysts have released ratings on ETR. On August 10 Morgan Stanley made no change to the stock rating of “Underweight” but raised the price expectation to $82.00 from $79.00. September 8 investment analysts at Morgan Stanley made no change to the company rating of “Underweight” but raised the price target from $82.00 to $84.00.

On September 21, 2017 the stock rating was rated “Equal-Weight” by Morgan Stanley which was a boost from the previous “Underweight” rating. On October 12 JP Morgan maintained a company rating of “Neutral” and raised the price target from $76.00 to $84.00.

On October 13 the company was changed to “Buy” in a report from Citigroup which is up from the previous “Neutral” rating. On October 16 the company was upgraded from “Hold” to “Buy” by analysts at Jefferies.