Entergy (NYSE:ETR) Upgraded at StockNews.com

StockNews.com upgraded shares of Entergy (NYSE:ETR) from a sell rating to a hold rating in a research note published on Sunday.

A number of other research analysts also recently commented on ETR. Barclays lifted their target price on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Mizuho boosted their target price on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Guggenheim boosted their price objective on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets dropped their price objective on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $77.40.

Entergy Stock Up 0.1 %

ETR stock opened at $75.82 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm has a 50 day simple moving average of $74.29 and a 200-day simple moving average of $64.74. The company has a market capitalization of $32.51 billion, a P/E ratio of 18.47, a PEG ratio of 2.48 and a beta of 0.71. Entergy has a twelve month low of $48.08 and a twelve month high of $79.04.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.04. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the business earned $1.64 EPS. On average, equities research analysts predict that Entergy will post 3.61 earnings per share for the current fiscal year.

Entergy Cuts Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 3.17%. Entergy’s dividend payout ratio (DPR) is presently 58.39%.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were 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 directly owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eliecer Viamontes sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the sale, the insider now directly owns 8,346 shares in the company, valued at approximately $613,431. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,756 shares of company stock valued at $1,095,637. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ETR. Legacy Investment Solutions LLC acquired a new stake in Entergy in the 3rd quarter valued at about $27,000. Fortitude Family Office LLC lifted its stake in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares during the last quarter. Cetera Trust Company N.A bought a new stake in Entergy during the third quarter worth approximately $29,000. Coastline Trust Co acquired a new position in Entergy in the third quarter worth approximately $31,000. Finally, Rothschild Investment LLC bought a new position in shares of Entergy in the second quarter valued at $34,000. Institutional investors own 88.07% of the company’s stock.

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.