Entergy Corp. (NYSE:ETR)‘s stock had its “conviction-buy” rating reiterated by stock analysts at Goldman Sachs Group Inc. in a research note issued on Monday.

Several other equities analysts also recently weighed in on the stock. Citigroup Inc. dropped their target price on shares of Entergy Corp. from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Guggenheim upgraded shares of Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Monday, August 22nd. Zacks Investment Research upgraded shares of Entergy Corp. from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Friday, October 14th. Finally, Deutsche Bank AG dropped their target price on shares of Entergy Corp. from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, August 3rd. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $81.78.

Analyst Recommendations for Entergy Corp. (NYSE:ETR)

Shares of Entergy Corp. (NYSE:ETR) opened at 74.93 on Monday. The stock has a market cap of $13.41 billion, a PE ratio of 77.41 and a beta of 0.38. Entergy Corp. has a 1-year low of $64.11 and a 1-year high of $82.09. The stock’s 50 day moving average is $77.29 and its 200-day moving average is $77.80.

Entergy Corp. (NYSE:ETR) last posted its earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $2.06. Entergy Corp. had a net margin of 1.78% and a return on equity of 15.34%. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, analysts predict that Entergy Corp. will post $6.72 EPS for the current fiscal year.

In related news, insider Charles L. Rice, Jr. sold 760 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $79.36, for a total value of $60,313.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Haley Fisackerly sold 1,250 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $77.60, for a total value of $97,000.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. increased its position in Entergy Corp. by 34.5% in the first quarter. Ngam Advisors L.P. now owns 15,834 shares of the company’s stock worth $1,255,000 after buying an additional 4,063 shares in the last quarter. Teachers Advisors Inc. increased its position in Entergy Corp. by 2.3% in the first quarter. Teachers Advisors Inc. now owns 199,044 shares of the company’s stock worth $15,780,000 after buying an additional 4,550 shares in the last quarter. M&T Bank Corp increased its position in Entergy Corp. by 40.3% in the first quarter. M&T Bank Corp now owns 19,148 shares of the company’s stock worth $1,517,000 after buying an additional 5,503 shares in the last quarter. Aviva PLC increased its position in Entergy Corp. by 4.2% in the first quarter. Aviva PLC now owns 91,794 shares of the company’s stock worth $7,277,000 after buying an additional 3,739 shares in the last quarter. Finally, Credit Agricole S A increased its position in Entergy Corp. by 21.1% in the first quarter. Credit Agricole S A now owns 72,110 shares of the company’s stock worth $5,718,000 after buying an additional 12,552 shares in the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.

About Entergy Corp.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It 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.

5 Day Chart for NYSE:ETR

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