Markets

Entergy’s Price Target, Estimates Lowered at Citigroup on Natural Gas Price Concerns (ETR)

Electric power producer Entergy Corporation ( ETR ) on Thursday saw its price target and earnings estimates cut by analysts at Citigroup.

The firm said it lowered its price target for ETR to $72, which represents a small expected downside to the stock's Wednesday closing price of $73.32.

Citigroup also cut its earnings estimates for the company, citing lower expected natural gas prices, but maintained its "Hold" rating.

Entergy shares were mostly flat in premarket trading Thursday.

The Bottom Line

Shares of Entergy ( ETR ) have a 4.53% dividend yield, based on last night's closing stock price of $73.32. The stock has technical support in the $70 price area. If the shares can firm up, we see overhead resistance around the $76-$78 price levels.

Entergy Corporation ( ETR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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