Entergy Corporation (NYSE:ETR) Receives Consensus Rating of “Moderate Buy” from Analysts

Entergy Corporation (NYSE:ETR) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $102.4688.

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their target price on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Jefferies Financial Group began coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price for the company. Bank of America increased their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Barclays set a $100.00 price target on shares of Entergy and gave the stock an “overweight” rating in a research report on Monday, October 6th.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the purchase, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the transaction, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,179 shares of company stock worth $981,707 over the last three months. Corporate insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Institutional investors and hedge funds have recently bought and sold shares of the business. Mattson Financial Services LLC raised its position in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Atwood & Palmer Inc. increased its stake in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares during the last quarter. Capital A Wealth Management LLC increased its stake in Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares during the last quarter. GoalVest Advisory LLC raised its position in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Entergy during the second quarter worth $30,000. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of ETR stock opened at $97.49 on Friday. Entergy has a 1 year low of $73.15 and a 1 year high of $98.58. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 1.62. The firm’s 50 day moving average is $95.24 and its 200-day moving average is $88.93. The firm has a market capitalization of $43.54 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.40 and a beta of 0.63.

Entergy (NYSE:ETR) last released its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The company had revenue of $2.37 billion during the quarter. Sell-side analysts forecast that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be given a $0.64 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.56 annualized dividend and a yield of 2.6%. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s payout ratio is presently 63.21%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.