Shares of Entergy Co. (NYSE:ETR – Get Rating) has been assigned an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $121.93.
The number of equities research analysts recently weighed in on ETR shares. BMO Capital Markets reduced their price target on shares of Entergy from $137.00 to $125.00 in a research report on Tuesday, June 14th. Baader Bank set a $188.00 target price on shares of Entergy in a report on Wednesday, May 18th. Mizuho reduced their target price on shares of Entergy from $127.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, June 29th. Barclays set the $42.00 price target on shares of Entergy in a research note on Monday, May 16th. Finally, Warburg Research set a $177.00 price target on shares of Entergy in a research note on Monday, May 16th.
Entergy Stock Up 1.3%
Entergy stock opened at $109.37 on Friday. The firm has a 50 day moving average price of $113.08 and a 200 day moving average price of $113.21. The company has a market capitalization of $22.24 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.53 and a beta of 0.60. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.49 and a current ratio of 0.72. Entergy has a fifty-two week low of $98.50 and a fifty-two week high of $126.82.
Entergy (NYSE:ETR – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The utilities provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.90 billion. Entergy had a return on equity of 10.44% and a net margin of 8.99%. During the same quarter last year, the firm earned $1.47 EPS. Research analysts expect that Entergy will post 6.36 earnings per share for the current year.
Insider Transactions at Entergy
In other news, COO Paul D. Hinnenkamp sold 6,500 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $120.94, for a total value of $786,110.00. Following the transaction, the chief operating officer now directly owns 26,102 shares in the company, valued at approximately $3,156,775.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Paul D. Hinnenkamp sold 6,500 shares of Entergy stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $120.94, for a total value of $786,110.00. Following the transaction, the chief operating officer now owns 26,102 shares of the company’s stock, valued at approximately $3,156,775.88. The sale was disclosed & disclosed in a filing with the Securities Exchange Commission, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 256 shares of Entergy stock in a transaction that occurred on Friday, April 29th. The stock sold at an average price of $120.22, for a total transaction of $30,776.32. Following the completion of the transaction, the insider now directly owns 3,108 shares in the company, valued at approximately $373,643.76. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
Institutional Trading of Entergy
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Entergy by 2.8% in the first quarter. Vanguard Group Inc. now owns 23,663,740 shares of the utilities provider’s stock worth $2,762,741,000 after buying an additional 650,775 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Entergy by 9.0% in the 1st quarter. BlackRock Inc. now owns 18,499,101 shares of the utilities provider’s stock valued at $2,159,770,000 after purchasing an additional 1,533,746 shares in the last quarter. State Street Corp boosted its stake in shares of Entergy by 8.1% in the 1st quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after purchasing an additional 908,932 shares in the last quarter. Capital International Investors lifted its position in Entergy by 17.1% during the 4th quarter. Capital International Investors now owns 12,028,310 shares of the utilities provider’s stock worth $1,354,989,000 after buying an additional 1,758,132 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Entergy by 2.0% during the 1st quarter. Bank of America Corp DE now owns 9,333,869 shares of the utilities provider’s stock worth $1,089,729,000 after buying an additional 181,755 shares in the last quarter. 88.94% of the stock is currently owned by institutional investors and hedge funds.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.
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