Entergy Corporation (NYSE:ETR) Receives Consensus Rating of “Moderate Buy” from Analysts

Entergy Corporation (NYSE:ETR) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $79.81.

ETR has been the subject of a number of research reports. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Scotiabank cut their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company raised their target price on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $58.00 to $75.00 in a report on Monday, November 4th.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now directly owns 4,032 shares in the company, valued at $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several institutional investors have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC lifted its position in shares of Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares during the last quarter. Acropolis Investment Management LLC lifted its position in Entergy by 0.8% in the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after acquiring an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after acquiring an additional 74 shares during the last quarter. Bank & Trust Co boosted its stake in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 90 shares in the last quarter. Finally, Prossimo Advisors LLC grew its holdings in shares of Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of NYSE:ETR opened at $82.37 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy has a 1 year low of $48.08 and a 1 year high of $84.26. The firm has a market capitalization of $35.32 billion, a PE ratio of 20.07, a P/E/G ratio of 2.50 and a beta of 0.72. The business’s 50 day moving average price is $77.59 and its 200-day moving average price is $69.46.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

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.