Entergy Co. (NYSE:ETR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Entergy Co. (NYSE:ETR) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $119.73.

A number of equities research analysts have issued reports on ETR shares. Barclays cut their price target on Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Scotiabank increased their target price on Entergy from $104.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price target on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Mizuho increased their price objective on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, KeyCorp boosted their target price on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, May 20th.

Insider Transactions at Entergy

In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the sale, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

A number of large investors have recently made changes to their positions in ETR. HBK Sorce Advisory LLC lifted its holdings in Entergy by 2.3% during the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after buying an additional 92 shares in the last quarter. Quent Capital LLC grew its stake in Entergy by 21.7% in the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 98 shares in the last quarter. Wealth Alliance increased its holdings in Entergy by 1.2% during the 4th quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after purchasing an additional 101 shares during the period. Marino Stram & Associates LLC raised its position in Entergy by 1.7% during the 1st quarter. Marino Stram & Associates LLC now owns 5,879 shares of the utilities provider’s stock valued at $621,000 after purchasing an additional 101 shares in the last quarter. Finally, Delta Financial Advisors LLC lifted its holdings in shares of Entergy by 0.5% in the 2nd quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock worth $2,367,000 after buying an additional 105 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Up 0.4 %

Entergy stock opened at $117.60 on Monday. Entergy has a 12-month low of $87.10 and a 12-month high of $123.61. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 2.29 and a beta of 0.71. The firm has a 50 day moving average of $110.58 and a 200 day moving average of $107.02. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period in the prior year, the company posted $1.84 earnings per share. As a group, research analysts predict that Entergy will post 7.21 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.84%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

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.