Entergy - ETR Stock Forecast, Price & News

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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. The Entergy Wholesale Commodities segment engages in the ownership, operation, and decommissioning of nuclear power plants; and ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides services to other nuclear power plant owners. It generates electricity through gas, nuclear, coal, hydro, and solar power sources. The company sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. The company's power plants have approximately 26,000 megawatts (MW) of electric generating capacity, which include 6,000 MW of nuclear power. It delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. The company was founded in 1913 and is headquartered in New Orleans, Louisiana.

Entergy Stock Performance

Shares of Entergy stock traded up $0.41 during trading on Tuesday, hitting $122.22. 582,174 shares of the company's stock were exchanged, compared to its average volume of 1,168,156. The business has a 50-day simple moving average of $112.29 and a 200-day simple moving average of $113.99. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.83 and a beta of 0.58. Entergy has a 52-week low of $98.50 and a 52-week high of $126.82. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.64 and a current ratio of 0.87.

Entergy (NYSE:ETR - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.42. Entergy had a return on equity of 11.07% and a net margin of 9.92%. During the same period in the prior year, the firm earned $1.34 earnings per share. On average, research analysts forecast that Entergy will post 6.36 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Wednesday, August 10th. Entergy's dividend payout ratio is presently 66.78%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ETR shares. Hauck Aufhäuser In... set a $28.00 target price on Entergy in a report on Wednesday, May 18th. Wells Fargo & Company raised their target price on shares of Entergy from $125.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, August 4th. Morgan Stanley lowered their price target on shares of Entergy from $115.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, May 23rd. Warburg Research set a $177.00 price objective on shares of Entergy in a report on Monday, May 16th. Finally, Barclays set a $42.00 target price on Entergy in a report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $124.79.

Insider Buying and Selling

In other news, COO Paul D. Hinnenkamp sold 6,500 shares of the business's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $120.94, for a total transaction of $786,110.00. Following the transaction, the chief operating officer now directly owns 26,102 shares in the company, valued at approximately $3,156,775.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by insiders.