Entergy Corporation’s filing revealed that its Director HERMAN ALEXIS M unloaded Company’s shares for reported $22146.0 on Sep 06. In the deal valued at $116.56 per share,190 shares were sold. As a result of this transaction, HERMAN ALEXIS M now holds 7,379 shares worth roughly $ 0.9 million.
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Then, HERMAN ALEXIS M sold 161 shares, generating $19,376 in total proceeds. Upon selling the shares at $120.35, the Director now owns 7,375 shares.
Before that, HINNENKAMP PAUL D sold 6,500 shares. Entergy Corporation shares valued at $786,110 were divested by the EVP & Chief Operating Officer at a price of $120.94 per share. As a result of the transaction, HINNENKAMP PAUL D now holds 26,102 shares, worth roughly $3.19 million.
UBS downgraded its Entergy Corporation [ETR] rating to a Neutral from a a Buy in a research note published on Monday, September 06, 2022; the price target was decreased to $128 from $134. PT values the company’s stock at a premium of 4.66 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Vertical Research also remained covering ETR and has decreased its forecast on January 10, 2022 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on January 06, 2022. It rated ETR as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of ETR
On Monday, Entergy Corporation [NYSE:ETR] saw its stock jump 1.75% to $122.04. On the same session, the stock had its day’s lowest price of $119.53, but rose to a high of $122.11. Over the last five days, the stock has gained 5.01%. Entergy Corporation shares have risen nearly 8.34% since the year began. Nevertheless, the stocks have risen 9.12% over the past one year. While a 52-week high of $126.82 was reached on 04/21/22, a 52-week low of $98.50 was recorded on 02/24/22. SMA at 50 days reached $115.63, while 200 days put it at $113.28. A total of 1.32 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For ETR Stock
The 24-hour chart illustrates a support level at 120.34, which if violated will result in even more drops to 118.65. On the upside, there is a resistance level at 122.92. A further resistance level may holdings at 123.81. The Relative Strength Index (RSI) on the 14-day chart is 62.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.97%. Stochastics %K at 73.71% indicates the stock is a holding.
How much short interest is there in Entergy Corporation?
A steep rise in short interest was recorded in Entergy Corporation stocks on Jul 14, 2022, growing by 0.24 million shares to a total of 3.86 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.62 million shares. There was a rise of 6.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.08.
Entergy Corporation [ETR] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 23,343,484 shares, or roughly 11.48% of the outstanding ETR shares. In other words, the investor’s shares have risen by 551,011 from its previous 13-F filing of 22792473.0. Additionally, BlackRock Fund Advisors increased 4.09% of its stake after which the total value it holdings stand at $1,552,273,843, while SSgA Funds Management, Inc. added 4.80% of its stake to hold $1.46 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 81,410 shares of Entergy Corporation, while Managed Account Advisors LLC bought 102,826 shares. At present, Fidelity Management & Research Co is holding 4,982,415 shares valued at $573.63 million. Franklin Advisers, Inc. owned 4,094,758 shares of the company at the time of its most recent 13F filing, worth $471.43 million.
According to FactSet, Entergy Corporation’s share price will average $129.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.39 percent from its previous closing price of $119.94. Analysts expect Entergy Corporation stock to reach the higher price of $144.00, while the lowest price estimate is $115.00. However, 20 analysts have rated ETR stock as an Overweight in their predictions for 2022.