Director HERMAN ALEXIS M sold 190 shares of Entergy Corporation [ETR]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Entergy Corporation shares valued at $22,146 were sold by HERMAN ALEXIS M on Sep 06. At $116.56 per share, HERMAN ALEXIS M sold 190 shares. The insider’s holdings dropped to 7,379 shares worth approximately $0.84 million following the completion of this transaction.

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Also, HERMAN ALEXIS M sold 161 shares, netting a total of over 19,376 in proceeds. Following the sale of shares at $120.35 each, the insider now holds 7,375 shares.

Before that, HINNENKAMP PAUL D had sold 6,500 shares from its account. In a trade valued at $786,110, the EVP & Chief Operating Officer traded Entergy Corporation shares for $120.94 each. Upon closing the transaction, the insider’s holdings decreased to 6,500 shares, worth approximately $2.97 million.

As published in a research note from UBS on September 06, 2022, Entergy Corporation [ETR] has been rated down from a Buy to a Neutral and the price target has been revised to $128 from $134. This represents a 11.0% premium over Thursday’s closing price. Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in late April. As of January 10, 2022, Vertical Research has decreased its “Buy” rating to a “Hold” for ETR. Earlier on January 06, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for ETR stock which previously was a “an Equal-weight”.

Analyzing ETR’s Price Performance

On Thursday, Entergy Corporation [NYSE: ETR] rose 0.64% to $113.92. The stock’s lowest price that day was $112.53, but it reached a high of $114.67 in the same session. During the last five days, there has been a drop of approximately -1.20%. Over the course of the year, Entergy Corporation shares have jumped approximately 1.13%. Shares of the company reached a 52-week high of $126.82 on 04/21/22 and a 52-week low of $100.18 on 02/24/22. A 50-day SMA is recorded $116.35, while a 200-day SMA reached $113.78. Nevertheless, trading volume fell to 1.43 million shares from 1.35 million shares the previous day.

Support And Resistance Levels for Entergy Corporation (ETR)

According to the 24-hour chart, there is a support level at 112.74, which, if violated, would cause prices to drop to 111.57. In the upper region, resistance lies at 114.88. The next price resistance is at 115.85. RSI (Relative Strength Index) is 41.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.05, which suggests the price will decrease in the coming days. Percent R is at 85.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Entergy Corporation subject to short interest?

Stocks of Entergy Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.24 million shares to 3.86 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.62 million shares. A jump of 6.22% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.08 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.08.

Which companies own the most shares of Entergy Corporation (ETR)?

According to The Vanguard Group, Inc. filings, the company currently owns 23,343,484 shares, which is about 11.48% of the total ETR shares outstanding. The investor’s shares have appreciated by 551,011 from its previous 13-F filing of 22792473.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,554,565,918. SSgA Funds Management, Inc. acquire a 4.80% interest valued at $1.46 billion while Capital Research & Management Co purchased a 81,410 stake. A total of 102,826 shares of Entergy Corporation were bought by Managed Account Advisors LLC during the quarter, and 2,248,257 were bought by Fidelity Management & Research Co. In its current portfolio, Franklin Advisers, Inc. holds 4,094,758 shares valued at $472.13 million.

In terms of Entergy Corporation share price expectations, FactSet research, analysts set an average price target of $129.88 in the next 12 months, up nearly 14.85% from the previous closing price of $113.19. Analysts anticipate Entergy Corporation stock to reach $144.00 by 2022, with the lowest price target being $115.00. In spite of this, 20 analysts ranked Entergy Corporation stock as an Overweight at the end of 2022. On April 29, 2021, Vertical Research assigned a price target of “a Buy” to the stock and upgraded coverage with a $120.


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