Entergy (NYSE:ETR) Coverage Initiated by Analysts at Raymond James

Analysts at Raymond James initiated coverage on shares of Entergy (NYSE:ETR - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The brokerage set a "market perform" rating on the utilities provider's stock.

Several other analysts also recently commented on ETR. JPMorgan Chase & Co. upped their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and an average target price of $86.04.

Entergy Stock Down 1.6%

Shares of Entergy stock traded down $1.31 during trading hours on Friday, hitting $81.98. The company had a trading volume of 2,540,283 shares, compared to its average volume of 3,596,126. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company's 50-day moving average is $82.60 and its two-hundred day moving average is $81.22. The company has a market cap of $35.31 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.59. Entergy has a twelve month low of $52.07 and a twelve month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company posted $0.54 earnings per share. Analysts anticipate that Entergy will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Entergy

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Entergy by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares during the period. Bank of America Corp DE boosted its position in Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after buying an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock valued at $1,126,244,000 after buying an additional 289,468 shares during the last quarter. FMR LLC grew its stake in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after purchasing an additional 4,418,528 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Entergy

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.