Entergy Co. (NYSE:ETR) has received an average recommendation of “Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $85.00.
Several research analysts have recently 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 target on shares of Entergy in a report on Friday, October 27th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $96.00 price target (up 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 target for the company. Finally, Morgan Stanley lifted their price target on shares of Entergy from $86.00 to $88.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th.
Entergy (NYSE ETR) traded up $1.17 during midday trading on Friday, hitting $73.19. 1,035,142 shares of the stock traded hands, compared to its average volume of 1,381,108. Entergy has a 1-year low of $69.63 and a 1-year 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 cap of $13,120.00, a price-to-earnings ratio of -14.80, a PEG ratio of 2.04 and a beta of 0.50.
In other Entergy news, EVP Marcus V. Brown sold 3,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $86.42, for a total transaction of $259,260.00. Following the completion of the transaction, the executive vice president now directly owns 22,264 shares of the company’s stock, valued at approximately $1,924,054.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its stake in Entergy by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 61,023 shares of the utilities provider’s stock valued at $4,684,000 after purchasing an additional 12,390 shares during the period. Northpointe Capital LLC acquired a new position in Entergy during the 3rd quarter valued at about $2,681,000. Janus Henderson Group PLC boosted its stake in Entergy by 13.2% during the 3rd quarter. Janus Henderson Group PLC now owns 105,648 shares of the utilities provider’s stock valued at $8,067,000 after purchasing an additional 12,285 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Entergy during the 3rd quarter valued at about $756,000. Finally, Acadian Asset Management LLC boosted its stake in Entergy by 190.5% during the 4th quarter. Acadian Asset Management LLC now owns 30,030 shares of the utilities provider’s stock valued at $2,444,000 after purchasing an additional 19,693 shares during the period. 83.14% of the stock is owned by hedge funds and other institutional investors.
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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.
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