Entergy Corporation (NYSE:ETR) Rating Upped
Trading of Entergy Corporation (NYSE:ETR)’s shares is going to be interesting today. Goldman Sachs upgraded the stock from a Neutral to a Buy.
According to data compiled by Thomson Reuters, Entergy Corporation (NYSE:ETR)’s stock is covered by 16 equity analysts across the Street, with 1 analysts giving it a Sell rating, 1 a Buy rating, while 19 consider it a Hold. The 12-month consensus target price for the stock is $75.81, which reflects an downside potential of 5.20% over the current price.
NYSE:ETR Price Chart & Trend
The stock price of Entergy Corporation has surged 14.28% over the last 200 days, and is in strong up trend. In the last 50 and 100 days, Entergy Corporation is up 20.15% and up 19.04%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Reinhart Partners Inc. had the largest stake with ownership of 324,812 shares as of q2 2015 for 2.12% of the portfolio. Tobam is another very bullish investment manager who is having 814,962 shares of Entergy Corporation or 2.1% of their portfolio. Further, Mraz Amerine & Associates Inc. have 1.86% of their portfolio invested in the company for 36,298 shares. The California-based fund Analytic Investors Llc revealed it had purchased so far a stake worth about 1.84% of the investment manager’s stock portfolio in Entergy Corporation. The Ontario – Canada-based fund Breton Hill Capital Ltd. is also positive about the stock, possessing 1.86 million shares or 1.71% of their portfolio.Over the last six months, Entergy Corporation NYSE:ETR has seen 0 insider buys, and 3 insider sales. The net result was for 3 transactions, worth $1.29 million.
Entergy Corporation (NYSE:ETR) Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity.
Entergy Corporation (NYSE:ETR) traded up 0.87% on 1 April, hitting $79.97. A total of 2.39M shares of the company’s stock traded hands. This is up from average of 1.26M shares. Entergy Corporation has a 52 week low of $61.27 and a 52 week high of $80.06. The company has a market cap of $14.47B and a P/E ratio of 0.
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