Entergy Co. (ETR) Receives Consensus Recommendation of “Buy” from Brokerages

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.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisors Preferred LLC raised its holdings in shares of Entergy by 1,174.7% in the fourth quarter. Advisors Preferred LLC now owns 1,262 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 1,163 shares in the last quarter. Synovus Financial Corp acquired a new position in shares of Entergy during the first quarter valued at about $111,000. Twin Tree Management LP acquired a new position in shares of Entergy during the first quarter valued at about $130,000. NuWave Investment Management LLC purchased a new stake in Entergy in the fourth quarter valued at approximately $193,000. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in Entergy in the fourth quarter valued at approximately $203,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

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%.

About Entergy

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.

Analyst Recommendations for Entergy (NYSE:ETR)

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