Entergy (NYSE:ETR) Rating Increased to Hold at StockNews.com

Entergy (NYSE:ETR) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts also recently weighed in on ETR. Guggenheim raised their target price on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their price objective on shares of Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Scotiabank increased their target price on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $116.00 to $150.00 in a research report on Monday, November 4th. Finally, Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $150.96.

Entergy Stock Up 2.1 %

ETR stock opened at $149.03 on Friday. Entergy has a twelve month low of $94.85 and a twelve month high of $156.85. The firm has a market capitalization of $31.95 billion, a PE ratio of 18.15, a PEG ratio of 2.44 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The stock has a 50-day simple moving average of $132.34 and a two-hundred day simple moving average of $118.56.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the business posted $3.27 earnings per share. On average, equities analysts predict that Entergy will post 7.21 EPS for the current fiscal year.

Insider Transactions at Entergy

In other Entergy news, insider Eliecer Viamontes sold 200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the sale, the insider now owns 4,173 shares in the company, valued at approximately $613,431. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Eliecer Viamontes sold 200 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total transaction of $29,400.00. Following the sale, the insider now directly owns 4,173 shares of the company’s stock, valued at approximately $613,431. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,338 shares of company stock valued at $4,460,238 in the last three months. 0.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETR. OneDigital Investment Advisors LLC raised its stake in Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after buying an additional 69 shares during the last quarter. Bank & Trust Co boosted its position in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 90 shares during the last quarter. Prossimo Advisors LLC grew its stake in shares of Entergy by 1.5% during the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after purchasing an additional 90 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares during the period. Finally, Alliance Wealth Advisors LLC boosted its holdings in shares of Entergy by 3.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after buying an additional 92 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

About Entergy

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.