Entergy Corporation Unusual Bullish Options Activity Means Profits for Traders

 Entergy Corporation Unusual Bullish Options Activity Means Profits for Traders

In today’s session Entergy Corporation (ETR) registered an unusually high (413) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious ETR increase. With 413 contracts traded and 1344 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: ETR170317C00082500 closed last at: $0.75 or 16.7% down. About 466,855 shares traded hands. Entergy Corporation (NYSE:ETR) has declined 0.91% since March 8, 2016 and is downtrending. It has underperformed by 10.23% the S&P500.

Analysts await Entergy Corporation (NYSE:ETR) to report earnings on November, 7. They expect $1.71 EPS, down 10.00% or $0.19 from last year’s $1.9 per share. ETR’s profit will be $308.91M for 10.82 P/E if the $1.71 EPS becomes a reality. After $3.11 actual EPS reported by Entergy Corporation for the previous quarter, Wall Street now forecasts -45.02% negative EPS growth.

Entergy Corporation (NYSE:ETR) Ratings Coverage

Out of 12 analysts covering Entergy Corporation (NYSE:ETR), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. $84 is the highest target while $59 is the lowest. The $74.83 average target is 1.11% above today’s ($74.01) stock price. Entergy Corporation has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Barclays Capital upgraded Entergy Corporation (NYSE:ETR) on Tuesday, September 22 to “Overweight” rating. Goldman Sachs upgraded the shares of ETR in a report on Friday, April 1 to “Buy” rating. The firm has “Sell” rating by UBS given on Thursday, September 24. Citigroup initiated the stock with “Neutral” rating in Friday, September 18 report. The firm has “Sell” rating by UBS given on Monday, February 22. The firm has “Neutral” rating by Mizuho given on Wednesday, October 14. The company was upgraded on Monday, August 22 by Guggenheim. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 20 report. The stock has “Neutral” rating given by JP Morgan on Monday, March 14. As per Monday, October 19, the company rating was upgraded by Goldman Sachs.

According to Zacks Investment Research, “Entergy Corporation engages principally in the following businesses: domestic utility operations, power marketing and trading, global power development, and domestic non-utility nuclear operations. They are a major integrated energy company engaged in power production, distribution operations, and related diversified services. They are also a leading provider of wholesale energy marketing and trading services, as well as an operator of natural gas pipeline and storage facilities.”

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.17, from 1.35 in 2016Q1. The ratio dived, as 33 funds sold all Entergy Corporation shares owned while 163 reduced positions. 48 funds bought stakes while 184 increased positions. They now own 148.79 million shares or 3.31% more from 144.01 million shares in 2016Q1.
Tnb Fin owns 2,780 shares or 0.06% of their US portfolio. Millennium Mngmt Ltd, a New York-based fund reported 373,245 shares. Dynamic Advsrs Solutions Ltd Co has invested 0.94% of its portfolio in Entergy Corporation (NYSE:ETR). Pggm Investments has invested 0.27% of its portfolio in Entergy Corporation (NYSE:ETR). Hancock last reported 0.16% of its portfolio in the stock. Moreover, Green Square Limited Liability Co has 1.04% invested in Entergy Corporation (NYSE:ETR) for 51,893 shares. Atria Invs Limited Liability reported 7,662 shares or 0.07% of all its holdings. Lsv Asset accumulated 0.82% or 4.91M shares. Gabelli Funds Ltd Limited Liability Company accumulated 4,400 shares or 0% of the stock. Old Mutual Customised Solutions (Proprietary) Limited owns 4,400 shares or 0.09% of their US portfolio. Ferguson Wellman Cap has 0.71% invested in the company for 208,470 shares. Dt Inv Limited Liability last reported 0.23% of its portfolio in the stock. Pioneer Mgmt Inc accumulated 395,909 shares or 0.12% of the stock. Van Eck Associate has 20,808 shares for 0.01% of their US portfolio. Moreover, Stifel Financial Corporation has 0.04% invested in Entergy Corporation (NYSE:ETR) for 99,958 shares.

Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 7 selling transactions for $5.66 million net activity. 64,000 shares with value of $4.85M were sold by WEST RODERICK K on Tuesday, May 3. RICE CHARLES L JR sold 760 shares worth $60,314. FISACKERLY HALEY sold $149,208 worth of Entergy Corporation (NYSE:ETR) on Wednesday, May 4. DESPEAUX KIMBERLY H sold $159,100 worth of stock. HERMAN ALEXIS M sold $83,178 worth of Entergy Corporation (NYSE:ETR) on Monday, May 16.

Entergy Corporation is a holding company. The company has a market cap of $13.37 billion. The Firm is an integrated energy firm engaged in electric power production and retail electric distribution operations. It has a 76.48 P/E ratio. It operates through two business divisions: Utility and Entergy Wholesale Commodities.

ETR Company Profile

Entergy Corporation, incorporated on August 19, 1992, is a holding company. The Firm is an integrated energy firm engaged in electric power production and retail electric distribution operations. The Firm operates through two divisions: Utility and Entergy Wholesale Commodities. The Firm owns and operates power plants with over 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity.

More notable recent Entergy Corporation (NYSE:ETR) news were published by: Prnewswire.com which released: “Entergy Corporation Chairman and CEO to Speak at Wolfe Research Power & Gas …” on September 19, 2016, also Prnewswire.com with their article: “Entergy Named as National Leader in Economic Development” published on September 29, 2016, Businesswire.com published: “Entergy Corporation Selects Silver Spring Networks for Smart Grid Program” on October 06, 2016. More interesting news about Entergy Corporation (NYSE:ETR) were released by: Nasdaq.com and their article: “Entergy Corp Breaks Below 200-Day Moving Average – Notable for ETR” published on October 03, 2016 as well as Prnewswire.com‘s news article titled: “Andrea Coughlin Rowley to Lead Entergy Human Resources” with publication date: September 14, 2016.

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