Entergy Corporation (NYSE:ETR) Given Consensus Rating of “Moderate Buy” by Analysts

Entergy Corporation (NYSE:ETR) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $86.04.

ETR has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Entergy in a research note on Wednesday, April 23rd. Evercore ISI increased their price objective on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. KeyCorp raised Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a research note on Wednesday, May 14th. Barclays raised their target price on Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently modified their holdings of the business. Acropolis Investment Management LLC grew its holdings in shares of Entergy by 0.7% during the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock worth $1,535,000 after purchasing an additional 129 shares during the period. Gen Wealth Partners Inc grew its holdings in shares of Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 144 shares during the period. Hall Laurie J Trustee grew its holdings in shares of Entergy by 50.0% during the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Entergy by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider’s stock worth $2,224,000 after purchasing an additional 162 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Entergy by 18.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 165 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Up 1.5%

NYSE ETR opened at $84.26 on Wednesday. The business has a fifty day moving average price of $83.07 and a 200 day moving average price of $80.26. Entergy has a one year low of $52.07 and a one year high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market cap of $36.30 billion, a P/E ratio of 34.60, a P/E/G ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company earned $0.54 EPS. Research analysts anticipate that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s dividend payout ratio is presently 77.92%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.