Brokerages Set Entergy Corp. (ETR) Target Price at $77.50
Entergy Corp. (NYSE:ETR) has received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $77.50.
A number of research analysts have commented on ETR shares. Wolfe Research lowered Entergy Corp. from a “market perform” rating to an “underperform” rating in a research report on Monday, October 24th. Deutsche Bank AG decreased their target price on Entergy Corp. from $82.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, October 26th. Goldman Sachs Group Inc. set a $85.00 target price on Entergy Corp. and gave the stock a “buy” rating in a research report on Sunday, October 16th. Citigroup Inc. decreased their target price on Entergy Corp. from $83.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. Finally, Guggenheim raised Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Monday, August 22nd.
Shares of Entergy Corp. (NYSE:ETR) opened at 67.87 on Tuesday. The stock’s 50 day moving average price is $74.24 and its 200-day moving average price is $77.27. Entergy Corp. has a 52 week low of $64.18 and a 52 week high of $82.09. The company has a market cap of $12.16 billion, a PE ratio of 9.48 and a beta of 0.40.
Entergy Corp. (NYSE:ETR) last released its quarterly earnings results on Tuesday, October 25th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.35. Entergy Corp. had a return on equity of 15.70% and a net margin of 12.20%. During the same quarter last year, the business posted $1.90 earnings per share. Analysts expect that Entergy Corp. will post $6.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.13%. This is an increase from Entergy Corp.’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, November 8th. Entergy Corp.’s dividend payout ratio (DPR) is currently 48.60%.
In other Entergy Corp. news, insider Charles L. Rice, Jr. sold 760 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $79.36, for a total transaction of $60,313.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 1,250 shares of the stock in a transaction on Friday, August 19th. The shares were 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. Company insiders own 0.22% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Iowa State Bank acquired a new stake in shares of Entergy Corp. during the second quarter valued at approximately $103,000. Huntington National Bank increased its position in Entergy Corp. by 7.6% in the third quarter. Huntington National Bank now owns 1,581 shares of the company’s stock worth $121,000 after buying an additional 112 shares during the period. Washington Trust Bank increased its position in Entergy Corp. by 2.8% in the third quarter. Washington Trust Bank now owns 1,991 shares of the company’s stock worth $153,000 after buying an additional 55 shares during the period. Tower Research Capital LLC TRC increased its position in Entergy Corp. by 70.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,928 shares of the company’s stock worth $157,000 after buying an additional 797 shares during the period. Finally, ClariVest Asset Management LLC increased its position in Entergy Corp. by 0.4% in the third quarter. ClariVest Asset Management LLC now owns 2,257 shares of the company’s stock worth $173,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.
Entergy Corp. 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. 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.
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