Shares of Entergy Co. (NYSE:ETR) have earned a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $85.95.
A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Entergy from a “c” rating to a “b” rating in a report on Wednesday, April 25th. Wolfe Research raised shares of Entergy from an “underperform” rating to a “market perform” rating in a research report on Thursday, April 26th. Morgan Stanley lowered their price target on shares of Entergy from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Mizuho reissued a “buy” rating and issued a $88.50 price target on shares of Entergy in a research report on Thursday, April 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Entergy from $78.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, April 10th.
In related news, insider Phillip R. May, Jr. sold 7,700 shares of the firm’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $82.00, for a total value of $631,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 500 shares of Entergy stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $78.07, for a total transaction of $39,035.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
Shares of Entergy traded up $0.35, hitting $76.66, during trading hours on Thursday, MarketBeat Ratings reports. 108,098 shares of the company’s stock traded hands, compared to its average volume of 1,432,021. The company has a market capitalization of $13.75 billion, a P/E ratio of 10.64, a PEG ratio of 1.69 and a beta of 0.46. Entergy has a 12 month low of $71.95 and a 12 month high of $87.95. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.52 and a current ratio of 0.70.
Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 25th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.47 billion. Entergy had a return on equity of 16.19% and a net margin of 4.21%. During the same period in the prior year, the business earned $0.99 EPS. sell-side analysts forecast that Entergy will post 6.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Thursday, May 10th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Wednesday, May 9th. Entergy’s payout ratio is 49.44%.
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.
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.