Shares of Entergy Co. (NYSE:ETR) have received a consensus rating of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $89.13.
ETR has been the topic of several research analyst reports. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the company a “hold” rating in a research report on Thursday, October 11th. Citigroup boosted their price target on shares of Entergy from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Bank of America boosted their price target on shares of Entergy from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research reiterated a “strong-buy” rating and set a $97.00 price target on shares of Entergy in a research report on Tuesday, November 13th. Finally, ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st.
ETR stock opened at $86.60 on Friday. Entergy has a 12-month low of $71.95 and a 12-month high of $90.79. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 2.20 and a beta of 0.39. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.49 and a current ratio of 0.64.
In related news, Chairman Leo P. Denault sold 42,477 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $86.47, for a total transaction of $3,672,986.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marcus V. Brown sold 3,600 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $85.64, for a total transaction of $308,304.00. The disclosure for this sale can be found here. Insiders have sold 122,460 shares of company stock worth $10,743,372 in the last three months. 0.25% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of ETR. FMR LLC lifted its stake in shares of Entergy by 256.4% in the second quarter. FMR LLC now owns 2,585,554 shares of the utilities provider’s stock worth $208,886,000 after buying an additional 1,860,030 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Entergy by 68.0% in the second quarter. Schroder Investment Management Group now owns 96,620 shares of the utilities provider’s stock worth $7,851,000 after buying an additional 39,125 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Entergy by 2.8% in the second quarter. Northern Trust Corp now owns 2,450,865 shares of the utilities provider’s stock worth $198,006,000 after buying an additional 67,513 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Entergy in the second quarter worth approximately $6,227,000. Finally, United Services Automobile Association lifted its stake in shares of Entergy by 2.7% in the second quarter. United Services Automobile Association now owns 497,146 shares of the utilities provider’s stock worth $40,164,000 after buying an additional 13,148 shares in the last quarter. 90.85% of the stock is currently owned by institutional investors and hedge funds.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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