Wall Street Zen Upgrades Entergy (NYSE:ETR) to Hold

Entergy (NYSE:ETR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Other equities analysts have also issued reports about the stock. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Citigroup lifted their price target on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Barclays set a $100.00 target price on shares of Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.53.

Entergy Stock Down 1.1%

Shares of Entergy stock opened at $92.26 on Friday. Entergy has a 12-month low of $73.15 and a 12-month high of $98.58. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company’s fifty day simple moving average is $95.48 and its two-hundred day simple moving average is $89.71. The company has a market cap of $41.20 billion, a P/E ratio of 22.78, a PEG ratio of 2.32 and a beta of 0.62.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion during the quarter. Research analysts anticipate that Entergy will post 3.88 EPS for the current year.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the sale, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,179 shares of company stock worth $981,707. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mattson Financial Services LLC grew 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 worth $26,000 after buying an additional 150 shares during the last quarter. Atwood & Palmer Inc. boosted 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 in the last quarter. Capital A Wealth Management LLC grew its holdings 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 worth $28,000 after purchasing an additional 328 shares during the last quarter. GoalVest Advisory LLC increased its position in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Entergy during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

About Entergy

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.