Entergy (NYSE:ETR) Earns “Neutral” Rating from LADENBURG THALM/SH SH

Entergy (NYSE:ETRGet Free Report)‘s stock had its “neutral” rating reiterated by analysts at LADENBURG THALM/SH SH in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a $109.50 price objective on the utilities provider’s stock, down from their prior price objective of $117.00. LADENBURG THALM/SH SH’s price target would suggest a potential upside of 2.25% from the stock’s previous close.

ETR has been the topic of several other reports. Scotiabank lowered their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 target price on shares of Entergy in a research report on Monday, February 26th. BMO Capital Markets lifted their price objective on shares of Entergy from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Barclays increased their target price on shares of Entergy from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, KeyCorp lifted their price target on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $114.12.

Check Out Our Latest Research Report on ETR

Entergy Stock Performance

ETR opened at $107.09 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy has a 12-month low of $87.10 and a 12-month high of $114.28. The business has a 50 day moving average of $108.33 and a 200-day moving average of $103.91. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 2.04 and a beta of 0.73.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business earned $1.14 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Entergy will post 7.23 earnings per share for the current year.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at $273,260.17. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC boosted its position in Entergy by 21.7% during the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after buying an additional 98 shares during the period. Wealth Alliance lifted its holdings in shares of Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after purchasing an additional 101 shares during the period. Marino Stram & Associates LLC lifted its holdings in shares of Entergy by 1.7% during the first quarter. Marino Stram & Associates LLC now owns 5,879 shares of the utilities provider’s stock worth $621,000 after purchasing an additional 101 shares during the period. Prossimo Advisors LLC increased its holdings in Entergy by 2.5% in the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock valued at $457,000 after purchasing an additional 110 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings in Entergy by 40.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Entergy (NYSE:ETR)

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