Entergy Co. (NYSE:ETR) Receives $131.19 Average Price Target from Analysts

Shares of Entergy Co. (NYSE:ETR) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $141.96.

A number of research firms have weighed in on ETR. Argus upgraded Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Bank of America increased their price objective on Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, August 29th. BMO Capital Markets increased their price objective on Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a report on Friday. Guggenheim increased their price objective on Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a report on Friday. Finally, Scotiabank raised their target price on Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday.

Entergy Stock Down 6.5 %

Entergy stock opened at $144.79 on Friday. The business has a fifty day moving average of $129.72 and a two-hundred day moving average of $117.12. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a market cap of $30.96 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.54 and a beta of 0.74. Entergy has a twelve month low of $94.85 and a twelve month high of $156.85.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter in the prior year, the business earned $3.27 earnings per share. On average, analysts forecast that Entergy will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.32%. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

Insider Activity

In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,549,090. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,549,090. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,288,742.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock worth $6,140,626 in the last ninety days. Company insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank & Trust Co lifted its stake in Entergy by 12.8% in the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after buying an additional 90 shares in the last quarter. Prossimo Advisors LLC lifted its stake in Entergy by 1.5% in the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after purchasing an additional 90 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares in the last quarter. Alliance Wealth Advisors LLC lifted its stake in Entergy by 3.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 92 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in Entergy by 5.4% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 95 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.