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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Entergy from $125.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, August 4th. Mizuho cut their price objective on shares of Entergy from $127.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, June 29th. The Goldman Sachs Group set a $224.00 target price on shares of Entergy in a research report on Monday, May 16th. Credit Suisse Group dropped their price target on shares of Entergy from $136.00 to $114.00 and set an "outperform" rating for the company in a research report on Tuesday, June 21st. Finally, Barclays set a $42.00 price objective on shares of Entergy in a research note on Monday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $124.79.

Entergy Price Performance

Shares of NYSE:ETR opened at $121.01 on Monday. The business has a 50-day moving average of $112.28 and a 200-day moving average of $113.88. Entergy has a 1-year low of $98.50 and a 1-year high of $126.82. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.87 and a quick ratio of 0.64. The company has a market capitalization of $24.62 billion, a price-to-earnings 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 data on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the company posted $1.34 earnings per share. On average, equities analysts anticipate that Entergy will post 6.36 EPS for the current fiscal year.

Entergy Dividend Announcement

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 issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, August 10th. Entergy's dividend payout ratio (DPR) is 66.78%.

Insiders Place Their Bets

In other Entergy news, COO Paul D. Hinnenkamp sold 6,500 shares of the business's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $120.94, for a total transaction of $786,110.00. Following the completion of the transaction, the chief operating officer now directly owns 26,102 shares of the company's stock, valued at approximately $3,156,775.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.