Entergy Co. (NYSE:ETR) Receives Consensus Rating of “Hold” by Brokerages
Shares of Entergy Co. (NYSE:ETR) have been assigned an average recommendation of “Hold” from the seven ratings companies that currently cover the stock, reports MarketBeat.com. One financial analyst rated the stock with a sell recommendation, three gave the company a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $115.17.
REE has been the subject of several recent research reports. Morgan Stanley cut its price target on Entergy’s stock from $106.00 to $105.00 and set an “underweight” rating on the stock in a Friday, January 21 research report. Vertical Research has downgraded Entergy’s stock from a “buy” rating to a “hold” rating and set a target price of $117.00 for the stock. in a Monday, January 10, research note. Finally, Mizuho raised its price target on Entergy shares from $114.00 to $117.00 and gave the company a “buy” rating in a Thursday, October 21 research note.
Shares of NYSE:ETR opened at $111.16 on Friday. The company has a market capitalization of $22.34 billion, a PE ratio of 17.96, a P/E/G ratio of 17.35 and a beta of 0.63. The company’s 50-day moving average price is $108.50 and its 200-day moving average price is $106.89. Entergy has a fifty-two week low of $85.78 and a fifty-two week high of $115.01. The company has a quick ratio of 0.46, a current ratio of 0.64 and a debt ratio of 2.12.
Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, November 3. The utility provider reported earnings per share of $2.45 for the quarter, missing Thomson Reuters consensus estimate of $2.50 per ($0.05). The company posted revenue of $3.35 billion in the quarter, versus a consensus estimate of $3.01 billion. Entergy had a net margin of 11.11% and a return on equity of 11.08%. In the same quarter a year earlier, the company had earned earnings per share of $2.44. As a group, stock analysts expect Entergy to post 6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1. Shareholders of record on Friday, February 11 will receive a dividend of $1.01 per share. This represents an annualized dividend of $4.04 and a yield of 3.63%. Entergy’s payout ratio is 65.27%.
In other news, Chief Financial Officer Andrew S. Marsh sold 10,000 shares of Entergy in a trade that took place on Monday, January 24. The shares were sold at an average price of $108.79, for a total value of $1,087,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Additionally, insider Laura R. Landreaux sold 450 shares of Entergy in a trade that took place on Friday, November 19. The stock was sold at an average price of $105.75, for a total transaction of $47,587.50. The disclosure of this sale can be found here. In the past three months, insiders have sold 10,643 shares of the company worth $1,155,787. 0.34% of the shares are held by insiders.
Several institutional investors have recently increased or reduced their stake in the company. ARGI Investment Services LLC increased its position in Entergy shares by 222.0% in the fourth quarter. ARGI Investment Services LLC now owns 57,167 shares of the utility provider worth $6,440,000 after acquiring an additional 39,412 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Entergy in the fourth quarter for a value of approximately $12,903,000. State of Michigan Retirement System increased its position in Entergy shares by 0.4% in the fourth quarter. State of Michigan Retirement System now owns 50,611 shares of the utility provider worth $5,701,000 after acquiring 200 additional shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Entergy in the fourth quarter worth about $49,000. Finally, Conning Inc. bought a new position in shares of Entergy in the fourth quarter worth about $226,000. 89.00% of the shares are currently held by institutional investors and hedge funds.
Entergy Corp. is a holding company active in the generation and distribution of electricity. It operates through the following segments: Utilities and Entergy Wholesale Products. The Utilities segment includes the generation, transmission, distribution and sale of electricity and the activities of a natural gas distribution company.
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