Entergy Co. (ETR) Given Consensus Rating of “Buy” by Brokerages
Shares of Entergy Co. (NYSE:ETR) have received a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $83.70.
A number of research analysts have weighed in on ETR shares. Morgan Stanley lifted their price objective on shares of Entergy from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, September 8th. Citigroup raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Friday, October 13th. BidaskClub raised shares of Entergy from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Mizuho reaffirmed a “hold” rating and issued a $83.00 price objective on shares of Entergy in a report on Friday, October 27th. Finally, J P Morgan Chase & Co lifted their price objective on shares of Entergy from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, October 12th.
In other news, insider Charles L. Rice, Jr. sold 9,234 shares of Entergy stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Paul D. Hinnenkamp sold 2,300 shares of Entergy stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total transaction of $193,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,812 shares of company stock worth $4,907,522. Company insiders own 0.24% of the company’s stock.
Shares of Entergy (NYSE:ETR) traded down $0.83 during trading on Thursday, hitting $80.20. 978,300 shares of the company traded hands, compared to its average volume of 1,229,564. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy has a 12-month low of $69.63 and a 12-month high of $87.95. The stock has a market capitalization of $14,470.00, a PE ratio of 11.99, a PEG ratio of 1.68 and a beta of 0.55.
Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. analysts predict that Entergy will post 6.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were given a $0.89 dividend. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 4.44%. Entergy’s dividend payout ratio (DPR) is -72.06%.
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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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