Entergy (NYSE:ETR) Raised to Hold at Wall Street Zen

Entergy (NYSE:ETR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other brokerages have also weighed in on ETR. Bank of America boosted their price objective on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 target price (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 price target on shares of Entergy in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $96.00) on shares of Entergy in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.87.

Entergy Trading Down 0.4%

ETR opened at $93.21 on Friday. Entergy has a 12-month low of $75.55 and a 12-month high of $98.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. The stock has a market capitalization of $41.63 billion, a PE ratio of 23.01, a P/E/G ratio of 2.08 and a beta of 0.66. The firm’s fifty day moving average price is $93.78 and its 200 day moving average price is $92.07.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.58 billion. Entergy had a net margin of 14.26% and a return on equity of 11.53%. During the same period last year, the business earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, research analysts expect that Entergy will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction 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 sale, the insider owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,179 shares of company stock worth $981,707 in the last three months. 0.39% of the stock is owned by insiders.

Institutional Trading of Entergy

Several hedge funds have recently bought and sold shares of the company. MFA Wealth Services grew its position in Entergy by 3.8% in the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 107 shares during the last quarter. Guidance Capital Inc. boosted its position in shares of Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after buying an additional 112 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in Entergy by 3.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after buying an additional 116 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its position in Entergy by 2.9% in the 3rd quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 116 shares during the period. 88.07% of the stock is currently owned by institutional investors.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.