Blurbs

Morgan Stanley Remains a Sell on Entergy (ETR)

In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on Entergy (ETRResearch Report), with a price target of $103.00. The company’s shares opened today at $111.15.

Byrd covers the Utilities sector, focusing on stocks such as CMS Energy, ONE Gas, and American Electric Power. According to TipRanks, Byrd has an average return of 9.5% and a 59.10% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Entergy with a $121.75 average price target.

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Based on Entergy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.22 billion and a net profit of $555.88 million. In comparison, last year the company earned a revenue of $3.35 billion and had a net profit of $535.58 million

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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. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.

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