Entergy Corporation (ETR) : During the past 4 weeks, traders have been relatively bearish on Entergy Corporation (ETR), hence the stock is down -1.96% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.14% relative to the S&P 500. The 4-week change in the price of the stock is -0.95% and the stock has fallen -0.09% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 0.81%. Entergy Corporation (NYSE:ETR): stock turned positive on Friday. Though the stock opened at $79.52, the bulls momentum made the stock top out at $79.9999 level for the day. The stock recorded a low of $79.46 and closed the trading day at $79.52, in the green by 0.32%. The total traded volume for the day was 803,058. The stock had closed at $79.27 in the previous days trading.
The company Insiders own 0.22% of Entergy Corporation shares according to the proxy statements. Institutional Investors own 84.11% of Entergy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -47.07%. Also, Deutsche Bank maintains its view on Entergy Corporation (NYSE:ETR) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $83 per share to $82 per share on Entergy Corporation. The rating by the firm was issued on August 3, 2016.
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 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 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.