Entergy (NYSE:ETR) Stock Rating Upgraded by BTIG Research

Entergy (NYSE:ETR) was upgraded by BTIG Research to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

ETR has been the subject of several other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Bank of America raised their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 target price (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Jefferies Financial Group began coverage on shares of Entergy in a research report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price for the company. Finally, Evercore ISI set a $98.00 target price on shares of Entergy and gave the stock an “in-line” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

Entergy Trading Up 0.3%

Shares of ETR opened at $95.99 on Wednesday. The stock has a market capitalization of $42.85 billion, a P/E ratio of 23.91, a PEG ratio of 2.41 and a beta of 0.62. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The firm has a fifty day simple moving average of $91.35 and a two-hundred day simple moving average of $86.36. Entergy has a twelve month low of $66.85 and a twelve month high of $98.58.

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

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the firm’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 completion of the sale, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

A number of institutional investors and hedge funds have recently bought and sold shares of ETR. Brighton Jones LLC increased its stake in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares in the last quarter. GAMMA Investing LLC increased its stake in Entergy by 9.8% during the 1st quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider’s stock valued at $1,328,000 after purchasing an additional 1,390 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Entergy in the first quarter worth approximately $202,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Entergy by 25.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider’s stock worth $6,708,000 after acquiring an additional 15,892 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Entergy by 0.9% in the first quarter. Asset Management One Co. Ltd. now owns 178,979 shares of the utilities provider’s stock worth $15,301,000 after acquiring an additional 1,526 shares during the period. 88.07% of the stock is currently owned by institutional investors.

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.