Entergy (NYSE:ETR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Entergy (NYSE:ETR – Get Rating) in a research report released on Thursday morning. The firm issued a hold rating on the utilities provider’s stock.

Several other equities analysts have also weighed in on ETR. Mizuho cut their price target on Entergy from $114.00 to $113.00 and set a buy rating for the company in a research note on Thursday, January 19th. Wells Fargo & Company lifted their price target on Entergy from $123.00 to $135.00 in a research note on Wednesday, December 14th. Bank of America lowered Entergy from a buy rating to a neutral rating and cut their price target for the company from $135.00 to $119.00 in a research note on Tuesday, January 3rd. TheStreet lowered Entergy from a b rating to a c+ rating in a research note on Thursday, February 16th. Finally, Morgan Stanley cut their price target on Entergy from $108.00 to $103.00 and set an underweight rating for the company in a research note on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of Hold and an average price target of $122.47.

Entergy Stock Performance

NYSE ETR opened at $104.57 on Thursday. The stock has a 50-day simple moving average of $106.41 and a two-hundred day simple moving average of $109.22. The firm has a market capitalization of $22.11 billion, a P/E ratio of 19.40, a PEG ratio of 2.64 and a beta of 0.63. Entergy has a fifty-two week low of $94.94 and a fifty-two week high of $126.82. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.43 and a current ratio of 0.64.

Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.65 billion. Entergy had a return on equity of 10.88% and a net margin of 8.01%. During the same quarter last year, the business posted $0.76 EPS. On average, equities analysts forecast that Entergy will post 6.68 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, February 9th. Entergy’s dividend payout ratio is currently 79.41%.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 300 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $103.96, for a total transaction of $31,188.00. Following the transaction, the insider now directly owns 3,269 shares in the company, valued at approximately $339,845.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Deanna D. Rodriguez sold 300 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $103.96, for a total transaction of $31,188.00. Following the transaction, the insider now directly owns 3,269 shares in the company, valued at approximately $339,845.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 3,890 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $108.42, for a total value of $421,753.80. Following the transaction, the insider now owns 1,656 shares in the company, valued at $179,543.52. The disclosure for this sale can be found here. Insiders have sold a total of 17,092 shares of company stock worth $1,821,838 in the last ninety days. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ETR. Lindbrook Capital LLC lifted its holdings in Entergy by 75.2% in the fourth quarter. Lindbrook Capital LLC now owns 233 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Fairfield Bush & CO. acquired a new position in Entergy in the first quarter valued at approximately $29,000. Dark Forest Capital Management LP lifted its holdings in Entergy by 1,618.8% in the fourth quarter. Dark Forest Capital Management LP now owns 275 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 259 shares during the last quarter. Wagner Wealth Management LLC acquired a new position in Entergy in the second quarter valued at approximately $32,000. Finally, Affiance Financial LLC acquired a new position in Entergy in the fourth quarter valued at approximately $33,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Entergy Company Profile

(Get Rating)

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.