Entergy Corporation (NYSE:ETR) Receives $93.00 Average PT from Analysts

Entergy Corporation (NYSE:ETR) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $94.6429.

ETR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Mizuho set a $97.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Morgan Stanley dropped their price target on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Barclays set a $100.00 target price on shares of Entergy and gave the stock an “overweight” rating in a research report on Monday, October 6th.

Entergy Trading Up 0.5%

NYSE ETR opened at $95.70 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a market cap of $42.72 billion, a PE ratio of 23.83, a P/E/G ratio of 2.59 and a beta of 0.62. Entergy has a one year low of $65.30 and a one year high of $98.58. The firm’s fifty day moving average is $90.53 and its two-hundred day moving average is $85.80.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $2.37 billion for the quarter. Analysts expect that Entergy will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETR. Mattson Financial Services LLC grew its position in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares during the period. Atwood & Palmer Inc. grew its position in shares of Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Entergy in the first quarter valued at approximately $28,000. Capital A Wealth Management LLC grew its position in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares during the last quarter. Finally, GoalVest Advisory LLC grew its position in shares of Entergy by 5,733.3% in the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

About Entergy

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.