Entergy (ETR) Reaches New 12-Month High at $89.24

Shares of Entergy Co. (NYSE:ETR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $89.24 and last traded at $89.02, with a volume of 94803 shares trading hands. The stock had previously closed at $87.81.

ETR has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Wells Fargo & Co lifted their price target on shares of Entergy from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the company a “hold” rating in a research report on Thursday, October 11th. Zacks Investment Research reissued a “strong-buy” rating and issued a $97.00 price target on shares of Entergy in a research report on Tuesday, November 13th. Finally, Bank of America lifted their price target on shares of Entergy from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $89.63.

The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 1.88. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.42.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.94. Entergy had a return on equity of 16.94% and a net margin of 4.01%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the business earned $2.35 EPS. Equities analysts forecast that Entergy Co. will post 6.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 8th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, November 7th. This is a boost from Entergy’s previous quarterly dividend of $0.89. This represents a $3.64 annualized dividend and a yield of 4.09%. Entergy’s dividend payout ratio (DPR) is 50.56%.

In other Entergy news, Chairman Leo P. Denault sold 42,477 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $86.47, for a total transaction of $3,672,986.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Paul D. Hinnenkamp sold 6,000 shares of Entergy stock in a transaction on Monday, November 12th. The stock was sold at an average price of $86.00, for a total value of $516,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,727 shares of company stock worth $6,644,282. Company insiders own 0.25% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. raised its stake in shares of Entergy by 1,320.4% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,392 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,294 shares during the period. Advisors Preferred LLC raised its stake in shares of Entergy by 200.8% during the 2nd quarter. Advisors Preferred LLC now owns 2,178 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 1,454 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Entergy by 65.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 869 shares during the period. ELM Advisors LLC bought a new stake in shares of Entergy during the 3rd quarter worth $178,000. Finally, Segment Wealth Management LLC bought a new stake in shares of Entergy during the 3rd quarter worth $202,000. Institutional investors own 91.31% of the company’s stock.

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About Entergy (NYSE:ETR)

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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