Entergy Co. (NYSE:ETR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Entergy Co. (NYSE:ETR) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $113.42.

ETR has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research report on Monday, June 24th. KeyCorp boosted their target price on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. BMO Capital Markets reduced their price target on Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Wells Fargo & Company lifted their price target on Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 target price (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th.

Entergy Price Performance

Shares of ETR opened at $111.86 on Thursday. The company has a market capitalization of $23.89 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 2.09 and a beta of 0.71. Entergy has a fifty-two week low of $87.10 and a fifty-two week high of $114.28. The firm has a 50-day simple moving average of $108.51 and a 200-day simple moving average of $105.10. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Entergy will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Entergy

In other news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ETR. American Century Companies Inc. grew its stake in shares of Entergy by 7.5% during the third quarter. American Century Companies Inc. now owns 156,475 shares of the utilities provider’s stock valued at $14,474,000 after acquiring an additional 10,972 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in Entergy during the 4th quarter worth approximately $68,000. Dynamic Advisor Solutions LLC raised its position in shares of Entergy by 7.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 3,024 shares of the utilities provider’s stock valued at $314,000 after purchasing an additional 205 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Entergy by 2.4% during the 4th quarter. Raymond James Trust N.A. now owns 19,916 shares of the utilities provider’s stock valued at $2,015,000 after buying an additional 474 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its position in shares of Entergy by 7.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,966 shares of the utilities provider’s stock worth $705,000 after buying an additional 455 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Company Profile

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.