Entergy Corporation (ETR) Receives Average Recommendation of “Hold” from Analysts
Entergy Corporation (NYSE:ETR) has been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $82.82.
Several equities research analysts have recently issued reports on the company. TheStreet raised Entergy Corporation from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho reiterated a “hold” rating and set a $83.00 price target on shares of Entergy Corporation in a research note on Friday, October 27th. Wells Fargo & Company reiterated an “outperform” rating and set a $96.00 price target (up previously from $90.00) on shares of Entergy Corporation in a research note on Wednesday, October 25th. Bank of America Corporation assumed coverage on Entergy Corporation in a research note on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target for the company. Finally, Jefferies Group LLC upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 16th.
Entergy Corporation (NYSE ETR) traded down 0.43% during trading on Wednesday, reaching $85.89. 949,513 shares of the company’s stock were exchanged. The firm’s market cap is $15.42 billion. The firm’s 50-day moving average price is $80.74 and its 200-day moving average price is $78.30. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $87.00.
Entergy Corporation (NYSE:ETR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.11. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm posted $2.31 EPS. On average, equities research analysts anticipate that Entergy Corporation will post $6.88 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $3.56 annualized dividend and a yield of 4.13%. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s dividend payout ratio (DPR) is currently -70.45%.
In other Entergy Corporation news, Director Alexis M. Herman sold 995 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $76.38, for a total value of $75,998.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,039 shares of company stock valued at $2,823,647. 0.24% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ETR. Benjamin F. Edwards & Company Inc. boosted its stake in Entergy Corporation by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 410 shares during the period. V Wealth Management LLC bought a new position in Entergy Corporation in the 2nd quarter worth about $106,000. Advisory Services Network LLC boosted its stake in Entergy Corporation by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC boosted its stake in Entergy Corporation by 3.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 71 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in Entergy Corporation in the 2nd quarter worth about $204,000. Institutional investors and hedge funds own 83.79% of the company’s stock.
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About Entergy Corporation
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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