Royal Bank of Canada reaffirmed their hold rating on shares of Entergy (NYSE:ETR) in a research report report published on Monday, AnalystRatings.com reports. They currently have a $118.00 price target on the utilities provider’s stock.
Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Entergy from a buy rating to a hold rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $116.00 to $129.00 and gave the stock an overweight rating in a research report on Monday, October 14th. Morgan Stanley decreased their target price on shares of Entergy from $116.00 to $115.00 and set an equal weight rating for the company in a research report on Monday, December 16th. Citigroup boosted their target price on shares of Entergy from $109.00 to $134.00 and gave the stock a buy rating in a research report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, KeyCorp boosted their target price on shares of Entergy from $128.00 to $129.00 and gave the stock an overweight rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $119.36.
NYSE:ETR opened at $126.31 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.53. The firm has a 50-day moving average of $119.83 and a 200-day moving average of $114.50. The company has a market cap of $25.15 billion, a PE ratio of 31.58, a PEG ratio of 3.24 and a beta of 0.27. Entergy has a one year low of $85.41 and a one year high of $126.43.
Entergy (NYSE:ETR) last posted its earnings results on Wednesday, October 30th. The utilities provider reported $2.52 EPS for the quarter, topping the consensus estimate of $2.29 by $0.23. The company had revenue of $36.72 billion during the quarter, compared to the consensus estimate of $3.42 billion. Entergy had a net margin of 7.38% and a return on equity of 11.13%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.77 earnings per share. On average, equities research analysts expect that Entergy will post 5.31 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC grew its position in Entergy by 1.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 33,345 shares of the utilities provider’s stock worth $3,994,000 after purchasing an additional 502 shares in the last quarter. Manchester Financial Inc. bought a new stake in Entergy in the 4th quarter worth about $76,000. 180 Wealth Advisors LLC bought a new stake in Entergy in the 4th quarter worth about $322,000. Cerebellum GP LLC grew its position in Entergy by 18.6% in the 4th quarter. Cerebellum GP LLC now owns 4,728 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 740 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in Entergy by 4.4% in the 4th quarter. AE Wealth Management LLC now owns 23,837 shares of the utilities provider’s stock worth $2,856,000 after purchasing an additional 1,003 shares in the last quarter. 86.10% of the stock is owned by institutional investors and hedge funds.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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