Entergy (NYSE:ETR) Hits New 52-Week High at $120.55

Entergy Co. (NYSE:ETR) shares hit a new 52-week high on Wednesday . The stock traded as high as $120.55 and last traded at $120.28, with a volume of 209544 shares trading hands. The stock had previously closed at $119.41.

Several brokerages have recently weighed in on ETR. Morgan Stanley increased their target price on shares of Entergy from $112.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. KeyCorp increased their target price on shares of Entergy from $118.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on shares of Entergy from $116.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. UBS Group set a $115.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, ValuEngine downgraded shares of Entergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Entergy presently has a consensus rating of “Buy” and an average price target of $111.70.

The stock’s fifty day moving average price is $116.35 and its 200 day moving average price is $105.45. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.73 and a quick ratio of 0.52. The stock has a market capitalization of $23.74 billion, a P/E ratio of 16.59, a PEG ratio of 3.24 and a beta of 0.29.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.03). The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a return on equity of 13.75% and a net margin of 8.97%. During the same quarter in the previous year, the company posted $1.42 earnings per share. On average, sell-side analysts expect that Entergy Co. will post 5.27 earnings per share for the current year.

In other Entergy news, EVP A. Christopher Bakken III sold 6,750 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $64.84, for a total transaction of $437,670.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marcus V. Brown sold 21,445 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $110.00, for a total transaction of $2,358,950.00. Following the transaction, the executive vice president now owns 38,411 shares in the company, valued at $4,225,210. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,156 shares of company stock worth $6,188,830. Company insiders own 0.27% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Coastal Investment Advisors Inc. grew its holdings in Entergy by 142.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,125 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 1,247 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Entergy by 2.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,362 shares of the utilities provider’s stock worth $1,787,000 after acquiring an additional 447 shares in the last quarter. Lantz Financial LLC grew its holdings in Entergy by 1.8% during the 2nd quarter. Lantz Financial LLC now owns 13,480 shares of the utilities provider’s stock worth $1,398,000 after acquiring an additional 239 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Entergy by 6.2% in the 2nd quarter. Invesco Ltd. now owns 9,569,197 shares of the utilities provider’s stock valued at $984,957,000 after buying an additional 556,948 shares in the last quarter. Finally, 6 Meridian boosted its holdings in shares of Entergy by 1.9% in the 2nd quarter. 6 Meridian now owns 5,606 shares of the utilities provider’s stock valued at $577,000 after buying an additional 104 shares in the last quarter. Institutional investors own 86.24% of the company’s stock.

Entergy Company Profile (NYSE:ETR)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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