Brokerages Set Entergy Co. (NYSE:ETR) Target Price at $113.45


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Entergy Co. (NYSE:ETR) has received an average rating of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $113.45.

ETR has been the topic of several research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Entergy in a research report on Monday, March 15th. Evercore ISI raised Entergy from an “in-line” rating to an “outperform” rating in a research report on Thursday, January 21st. Mizuho lifted their price target on Entergy from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, March 30th. Finally, Morgan Stanley lifted their price target on Entergy from $106.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 25th.

ETR stock traded up $0.13 during trading on Monday, hitting $101.85. 1,972 shares of the company’s stock were exchanged, compared to its average volume of 1,552,954. The business has a 50-day moving average price of $94.53 and a two-hundred day moving average price of $99.75. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.93 and a beta of 0.50. Entergy has a 52-week low of $85.78 and a 52-week high of $113.36. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.82.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 23rd. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Entergy had a return on equity of 11.01% and a net margin of 13.75%. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, equities research analysts anticipate that Entergy will post 5.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Friday, February 12th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, February 11th. Entergy’s payout ratio is currently 70.37%.

In related news, insider Haley Fisackerly sold 2,100 shares of the company’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $89.45, for a total transaction of $187,845.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrew S. Marsh sold 4,000 shares of the company’s stock in a transaction on Thursday, January 21st. The stock was sold at an average price of $94.32, for a total value of $377,280.00. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Inspire Advisors LLC acquired a new position in Entergy during the fourth quarter worth $32,000. Pin Oak Investment Advisors Inc. purchased a new stake in Entergy during the third quarter worth $33,000. Fortis Group Advisors LLC purchased a new stake in Entergy during the third quarter worth $33,000. Truvestments Capital LLC purchased a new stake in Entergy during the fourth quarter worth $34,000. Finally, Tompkins Financial Corp purchased a new stake in Entergy during the fourth quarter worth $35,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.

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Analyst Recommendations for Entergy (NYSE:ETR)

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