Entergy Corp. (NYSE: ETR) is 27.56% higher on its value in year-to-date trading and has touched a low of $87.10 and a high of $128.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ETR stock was last observed hovering at around $128.46 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $129.08, the stock is 6.41% and 10.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing 0.48% at the moment leaves the stock 20.34% off its SMA200. ETR registered 31.18% gain for a year compared to 6-month gain of 25.80%.
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The stock witnessed a 9.76% loss in the last 1 month and extending the period to 3 months gives it a 21.35%, and is 6.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.70% over the week and 1.31% over the month.
Entergy Corp. (ETR) has around 12177 employees, a market worth around $27.60B and $12.07B in sales. Current P/E ratio is 15.43 and Fwd P/E is 16.72. Profit margin for the company is 14.74%. Distance from 52-week low is 48.20% and 0.12% from its 52-week high. The company has generated returns on investments over the last 12 months (4.33%).
The EPS is expected to grow by 6.56% this year.
Entergy Corp. (ETR) Top Institutional Holders
1237.0 institutions hold shares in Entergy Corp. (ETR), with institutional investors hold 93.03% of the company’s shares. The shares outstanding are 213.83M, and float is at 213.37M with Short Float at 1.39%. Institutions hold 92.83% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.71 million shares valued at $2.75 billion. The investor’s holdings represent 12.0644% of the ETR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 18.77 million shares valued at $2.01 billion to account for 8.8065 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.28 million shares representing 5.2923% and valued at over $1.21 billion, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 3.2497 of the shares totaling 6.93 million with a market value of $741.13 million.
Entergy Corp. (ETR) Insider Activity
The most recent transaction is an insider sale by NORGEOT PETER S JR, the company’s EVP & Chief Operating Officer. SEC filings show that NORGEOT PETER S JR sold 7,000 shares of the company’s common stock on Sep 13 ’24 at a price of $125.00 per share for a total of $0.88 million. Following the sale, the insider now owns 34993.0 shares.
Entergy Corp. disclosed in a document filed with the SEC on Sep 13 ’24 that Marsh Andrew S (Chair and CEO) sold a total of 45,000 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $126.32 per share for $5.68 million. Following the transaction, the insider now directly holds 0.15 million shares of the ETR stock.
Still, SEC filings show that on Sep 13 ’24, Marsh Andrew S (Officer) Proposed Sale 45,000 shares at an average price of $126.32 for $5.68 million. The insider now directly holds shares of Entergy Corp. (ETR).
