A number of other analysts have also commented on ETR. BidaskClub raised Entergy from a sell rating to a hold rating in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated a hold rating and issued a $78.00 price objective on shares of Entergy in a report on Friday, August 4th. Morgan Stanley boosted their price target on Entergy from $79.00 to $82.00 and gave the company an underweight rating in a research note on Thursday, August 10th. Wells Fargo & Company restated an outperform rating and set a $96.00 price target (up from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Finally, Jefferies Group reaffirmed a hold rating on shares of Entergy in a research report on Friday, August 11th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Entergy presently has a consensus rating of Hold and a consensus price target of $82.42.
Entergy (NYSE ETR) traded up $0.46 during midday trading on Friday, reaching $83.59. 1,148,476 shares of the company’s stock traded hands, compared to its average volume of 1,208,600. Entergy has a 1-year low of $69.49 and a 1-year high of $87.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The stock has a market capitalization of $15,207.81, a P/E ratio of 12.48, a PEG ratio of 1.74 and a beta of 0.55.
Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $2.31 earnings per share. equities research analysts expect that Entergy will post 6.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.26%. This is a boost from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 8th. Entergy’s dividend payout ratio is currently -72.06%.
In related news, EVP Marcus V. Brown sold 1,500 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Paul D. Hinnenkamp sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total value of $193,200.00. The disclosure for this sale can be found here. Insiders sold a total of 57,812 shares of company stock valued at $4,907,522 over the last quarter. Company insiders own 0.24% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Entergy by 1.0% during the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after buying an additional 154,117 shares in the last quarter. AJO LP raised its holdings in shares of Entergy by 16.0% during the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock valued at $270,119,000 after buying an additional 485,602 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Entergy by 1.1% during the second quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock valued at $251,343,000 after buying an additional 35,312 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Entergy by 43.9% during the second quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after buying an additional 576,426 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Entergy by 2.8% during the third quarter. Legal & General Group Plc now owns 1,165,237 shares of the utilities provider’s stock valued at $88,976,000 after acquiring an additional 31,458 shares during the period. Institutional investors and hedge funds own 82.95% of the company’s stock.
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Entergy Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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