Entergy Corporation (NYSE:ETR) Given Average Recommendation of “Moderate Buy” by Brokerages

Entergy Corporation (NYSE:ETR) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $79.81.

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $58.00 to $75.00 in a report on Monday, November 4th. Wells Fargo & Company upped their price objective on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. Finally, BMO Capital Markets lowered their price objective on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th.

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Hedge funds have recently added to or reduced their stakes in the business. Fortis Group Advisors LLC grew its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. NBT Bank N A NY lifted its stake in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Entergy during the 3rd quarter valued at $27,000. Duncker Streett & Co. Inc. increased its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares in the last quarter. Finally, Riverview Trust Co raised its holdings in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 182 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Down 0.5 %

ETR stock opened at $82.37 on Monday. The company has a market cap of $35.32 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The company has a fifty day moving average price of $77.59 and a 200 day moving average price of $69.46. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy has a 12 month low of $48.08 and a 12 month high of $84.26.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio is currently 58.47%.

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.