Entergy Co. (NYSE:ETR) Receives $109.45 Average Price Target from Analysts

Entergy Co. (NYSE:ETR) has been given an average rating of “Moderate Buy” by the eleven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $109.45.

ETR has been the topic of several recent analyst reports. KeyCorp lifted their target price on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Barclays reduced their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Scotiabank lowered their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada restated an “outperform” rating and set a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. Finally, BMO Capital Markets lifted their price objective on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th.

Insider Activity at Entergy

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,000 shares of company stock worth $1,226,685. 0.54% of the stock is owned by company insiders.

Institutional Trading of Entergy

A number of large investors have recently modified their holdings of the business. Quent Capital LLC increased its holdings in shares of Entergy by 21.7% in 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 last quarter. Wealth Alliance grew its position in Entergy by 1.2% in the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after acquiring an additional 101 shares in the last quarter. Marino Stram & Associates LLC increased its stake in Entergy by 1.7% in the first quarter. Marino Stram & Associates LLC now owns 5,879 shares of the utilities provider’s stock valued at $621,000 after acquiring an additional 101 shares during the last quarter. Prossimo Advisors LLC raised its position in Entergy by 2.5% during 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in Entergy by 40.0% during the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.9 %

Shares of NYSE:ETR opened at $109.03 on Friday. The business’s 50 day moving average is $104.20 and its 200 day moving average is $101.32. Entergy has a 12-month low of $87.10 and a 12-month high of $109.38. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 2.01 and a beta of 0.69. 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 (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. Entergy’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Entergy will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is currently 45.34%.

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.