Entergy Corporation (NYSE:ETR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Entergy Corporation has received a consensus recommendation of "Moderate Buy" from seventeen analysts, with an average target price of $93.00.
• Insider Haley Fisackerly recently sold 4,463 shares at an average price of $90.50, reducing their stake by 57.36%.
• Entergy declared a quarterly dividend of $0.60 per share, reflecting an annual yield of 2.5% and a payout ratio of 59.85%.

Shares of Entergy Corporation (NYSE:ETR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $93.00.

ETR has been the subject of several research reports. KeyCorp restated an "overweight" rating and issued a $96.00 target price (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Barclays set a $100.00 target price on Entergy and gave the company an "overweight" rating in a research note on Monday. Weiss Ratings restated a "buy (b)" rating on shares of Entergy in a research note on Wednesday. Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company's stock.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently added to or reduced their stakes in ETR. Mattson Financial Services LLC boosted its stake in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock worth $26,000 after buying an additional 150 shares during the last quarter. Atwood & Palmer Inc. boosted its stake in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock worth $27,000 after buying an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Entergy in the 1st quarter worth approximately $28,000. Capital A Wealth Management LLC boosted its stake in shares of Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider's stock worth $28,000 after buying an additional 328 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its stake in shares of Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider's stock worth $29,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

ETR stock opened at $95.19 on Friday. The stock has a 50-day moving average price of $90.45 and a 200-day moving average price of $85.70. Entergy has a 1-year low of $64.72 and a 1-year high of $98.58. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The firm has a market cap of $42.49 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The company had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. As a group, equities research analysts expect that Entergy will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Entergy's payout ratio is 59.85%.

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.

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