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

NYSE:ETR opened at $121.01 on Friday. The company has a fifty day simple moving average of $112.28 and a 200 day simple moving average of $113.84. Entergy has a 12-month low of $98.50 and a 12-month high of $126.82. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 2.10. The company has a market cap of $24.62 billion, a P/E ratio of 20.00, a PEG ratio of 2.83 and a beta of 0.58.

Entergy (NYSE:ETR - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.42. Entergy had a net margin of 9.92% and a return on equity of 11.07%. During the same period in the prior year, the company posted $1.34 earnings per share. Sell-side analysts predict that Entergy will post 6.36 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, August 10th. Entergy's payout ratio is currently 66.78%.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. 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 report on Monday, May 23rd. BMO Capital Markets raised their price target on shares of Entergy from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, August 4th. Credit Suisse Group lowered their price target on shares of Entergy from $136.00 to $114.00 and set an "outperform" rating for the company in a report on Tuesday, June 21st. Sanford C. Bernstein set a $100.00 price target on shares of Entergy and gave the stock a "market perform" rating in a report on Tuesday, May 17th. Finally, UBS Group set a $123.00 price objective on shares of Entergy in a research note on Monday, June 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of "Hold" and an average price target of $124.79.

Insider Activity at Entergy

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