Entergy Corporation (NYSE:ETR) Receives $84.75 Average PT from Brokerages

Entergy Corporation (NYSE:ETR) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $84.75.

Several analysts recently commented on the stock. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley upped their target price on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th.

Hedge Funds Weigh In On Entergy

A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. Fortis Group Advisors LLC raised its stake in shares of Entergy by 100.0% during 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 in the last quarter. NBT Bank N A NY increased its stake in Entergy by 100.0% during 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 during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy in the 3rd quarter worth approximately $27,000. Duncker Streett & Co. Inc. lifted its stake in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares during the period. Finally, Sandy Spring Bank boosted its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Down 0.2 %

Shares of NYSE:ETR opened at $83.96 on Tuesday. The firm has a market capitalization of $36.17 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The business has a 50 day simple moving average of $83.30 and a two-hundred day simple moving average of $75.59. Entergy has a 1 year low of $50.19 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $0.26 EPS. On average, equities analysts predict that Entergy will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.86%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

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.