Jefferies Maintains Entergy Corporation to Hold with Price Target $84.00

Brokerage firm Jefferies Maintains its rating on Entergy Corporation(NYSE:ETR). In a research note issued to the investors, the brokerage major Raises the price-target to $84.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jun 10, 2016.

In a different note, On Apr 1, 2016, Goldman Sachs said it Upgrades its rating on Entergy Corporation. The shares have been rated ‘Buy’ by the firm. On Mar 18, 2016, Barclays said it Maintains its rating on Entergy Corporation. In the research note, the firm Raises the price-target to $76.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Mar 14, 2016, JP Morgan said it Maintains its rating on Entergy Corporation. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm.

Entergy Corporation (ETR) shares turned negative on Wednesdays trading session with the shares closing down -0.93 points or -1.18% at a volume of 12,49,760. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78.99. The peak price level was also seen at $78.99 while the days lowest was $77.94. Finally the shares closed at $78.08. The 52-week high of the shares is $80.06 while the 52-week low is $61.27. According to the latest information available, the market cap of the company is $13,956 M.

Entergy Corporation(ETR) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.61B. Analysts had an estimated revenue of $2.92B. Earnings per share were $1.35. Analysts had estimated an EPS of $1.18.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Alexis M Herman (director) sold 1,091 shares at $76.24 per share price.Also, On May 5, 2016, Roderick K West (EVP & Chief Admin. Officer) sold 64,000 shares at $75.76 per share price.On Feb 24, 2016, Kimberly H Despeaux (Senior Vice President) sold 3,100 shares at $73.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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 30000 megawatts of aggregate electric generating capacity including approximately 10000 megawatts of nuclear-fueled capacity. It operates in 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. The Entergy Wholesale Commodities business segment includes the ownership operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.

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