Entergy Corp. Given Consensus Rating of “Hold” by Brokerages (NYSE:ETR)
Entergy Corp. (NYSE:ETR) has been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the stock, Analyst Ratings.Net reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $64.77.
Entergy Corp. (NYSE:ETR) traded down 0.49% during mid-day trading on Monday, hitting $62.72. 1,894,515 shares of the company’s stock traded hands. Entergy Corp. has a 52 week low of $60.22 and a 52 week high of $72.60. The stock’s 50-day moving average is $61.75 and its 200-day moving average is $64.17. The company has a market cap of $11.184 billion and a P/E ratio of 13.08.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Thursday, February 13th will be given a dividend of 0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Tuesday, February 11th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Entergy Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 28th. They now have a $64.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Entergy Corp. from $68.00 to $60.50 in a research note to investors on Tuesday, January 28th. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Entergy Corp. in a research note to investors on Tuesday, January 21st. They set a “neutral” rating on the stock.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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