By otakuyassine3@gmail.com 
Shares of Entergy Corporation (NYSE:ETR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $77.40.
A number of brokerages have recently weighed in on ETR. Scotiabank boosted their price objective on shares of Entergy from $72.00 to $82.50 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. UBS Group upped their price target on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $58.00 to $75.00 in a report on Monday, November 4th. Barclays increased their target price on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th.
Read Our Latest Analysis on Entergy
Insider Transactions at Entergy
In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 15,844 shares of Entergy stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $65.00, for a total value of $1,029,860.00. Following the sale, the chief operating officer now owns 69,986 shares in the company, valued at $4,549,090. This represents a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,600 shares of company stock valued at $2,125,497. Company insiders own 0.39% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in Entergy in the third quarter worth about $27,000. Fortitude Family Office LLC grew its stake in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares during the last quarter. Cetera Trust Company N.A bought a new position in Entergy during the 3rd quarter valued at approximately $29,000. Iron Horse Wealth Management LLC purchased a new position in Entergy during the second quarter valued at $25,000. Finally, Coastline Trust Co bought a new stake in Entergy in the third quarter worth $31,000. 88.07% of the stock is currently owned by institutional investors.
Entergy Stock Up 1.8 %
Shares of NYSE:ETR opened at $74.49 on Friday. The firm has a market capitalization of $31.94 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.47 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. Entergy has a 52-week low of $48.08 and a 52-week high of $79.04. The firm has a fifty day moving average of $72.86 and a 200 day moving average of $63.41.
Entergy (NYSE:ETR – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the prior year, the business earned $1.64 EPS. As a group, research analysts anticipate that Entergy will post 7.22 EPS for the current fiscal year.
Entergy Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, November 13th. Entergy’s payout ratio is currently 58.39%.
Entergy Company Profile
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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