Shares of Entergy Co. (NYSE:ETR) have received a consensus rating of “Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $87.86.

Several research analysts have weighed in on the stock. Bank of America increased their price target on shares of Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. JPMorgan Chase & Co. increased their target price on shares of Entergy from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 29th. UBS Group upgraded shares of Entergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $92.00 in a research report on Friday, August 3rd. Morgan Stanley increased their target price on shares of Entergy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Finally, Goldman Sachs Group upgraded shares of Entergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $87.00 to $88.00 in a research report on Thursday, July 19th.

Entergy stock traded up $0.71 during trading hours on Tuesday, hitting $84.30. The company had a trading volume of 1,254,500 shares, compared to its average volume of 1,544,494. The stock has a market cap of $15.12 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.86 and a beta of 0.48. The company has a quick ratio of 0.42, a current ratio of 0.57 and a debt-to-equity ratio of 1.85. Entergy has a one year low of $71.95 and a one year high of $87.95.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.48. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Entergy had a net margin of 2.73% and a return on equity of 13.45%. During the same period in the prior year, the firm earned $3.11 EPS. equities analysts anticipate that Entergy will post 6.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Thursday, August 9th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, August 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.22%. Entergy’s payout ratio is presently 49.44%.

In other Entergy news, insider Phillip R. May, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $84.00, for a total transaction of $252,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles L. Rice, Jr. sold 5,766 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $82.70, for a total transaction of $476,848.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,377 shares of company stock worth $3,141,926. Company insiders own 0.25% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Braun Bostich & Associates Inc. boosted its position in shares of Entergy by 1,320.4% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,392 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 1,294 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of Entergy during the 1st quarter worth approximately $111,000. Twin Tree Management LP acquired a new stake in shares of Entergy during the 1st quarter worth approximately $130,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Entergy by 402.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,855 shares of the utilities provider’s stock worth $152,000 after acquiring an additional 1,486 shares in the last quarter. Finally, Advisors Preferred LLC boosted its position in shares of Entergy by 200.8% during the 2nd quarter. Advisors Preferred LLC now owns 2,178 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 1,454 shares in the last quarter. Institutional investors and hedge funds own 91.46% of the company’s stock.

Entergy Company Profile

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.

Further Reading: Outstanding Shares

Analyst Recommendations for Entergy (NYSE:ETR)

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