In a report issued on January 18, Shelby Tucker from RBC Capital reiterated a Hold rating on Entergy Corp (ETR), with a price target of $91. The company’s shares closed yesterday at $86.66.
According to TipRanks.com, Tucker is a 4-star analyst with an average return of 5.8% and a 68.7% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Edison International, and Atlantica Yield plc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Entergy Corp with a $95 average price target.
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Based on Entergy Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $540 million. In comparison, last year the company had a GAAP net loss of $476 million.
Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Roderick West, the Group President, Utility Ops of ETR sold 91,066 shares for a total of $7,818,977.
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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.
