Shares of Entergy Co. (NYSE:ETR) have been given an average recommendation of “Buy” by the sixteen brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $85.27.

A number of equities analysts have commented on the stock. TheStreet raised shares of Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Mizuho reaffirmed a “hold” rating and issued a $83.00 price objective on shares of Entergy in a report on Friday, October 27th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $96.00 price objective (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Bank of America assumed coverage on shares of Entergy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th.

In other Entergy news, EVP Marcus V. Brown sold 3,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $86.42, for a total value of $259,260.00. Following the sale, the executive vice president now directly owns 22,264 shares in the company, valued at $1,924,054.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The disclosure for this sale can be found here. Insiders sold 40,662 shares of company stock worth $3,493,878 over the last quarter. 0.24% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. AXA raised its stake in shares of Entergy by 64.3% during the second quarter. AXA now owns 6,900 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 2,700 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Entergy during the second quarter valued at about $319,000. Teachers Advisors LLC raised its stake in shares of Entergy by 4.1% during the second quarter. Teachers Advisors LLC now owns 282,052 shares of the utilities provider’s stock valued at $21,653,000 after purchasing an additional 11,152 shares in the last quarter. BlackRock Inc. raised its stake in shares of Entergy by 1.0% during the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after purchasing an additional 154,117 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Entergy by 61.0% during the second quarter. Amalgamated Bank now owns 20,230 shares of the utilities provider’s stock valued at $1,553,000 after purchasing an additional 7,661 shares in the last quarter. Institutional investors own 82.78% of the company’s stock.

Entergy (NYSE ETR) traded down $0.95 during mid-day trading on Monday, hitting $78.22. 998,700 shares of the stock were exchanged, compared to its average volume of 1,247,144. Entergy has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The firm has a market capitalization of $14,050.00, a P/E ratio of -15.83, a P/E/G ratio of 2.25 and a beta of 0.55.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping 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 business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company earned $2.31 earnings per share. research analysts forecast that Entergy will post 6.88 EPS for the current fiscal year.

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Entergy Company Profile

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.

Analyst Recommendations for Entergy (NYSE:ETR)

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