Analysts Set Entergy Co. (NYSE:ETR) PT at $131.19

Entergy Co. (NYSE:ETR) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $131.19.

A number of research analysts recently commented on the stock. Guggenheim raised their price objective on shares of Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Scotiabank raised their target price on shares of Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. KeyCorp raised their target price on shares of Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. UBS Group raised their target price on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Barclays reduced their target price on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a report on Monday, October 7th.

Entergy Price Performance

NYSE ETR opened at $136.33 on Friday. Entergy has a 12 month low of $92.31 and a 12 month high of $138.24. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The firm has a market capitalization of $29.15 billion, a PE ratio of 16.31, a P/E/G ratio of 2.56 and a beta of 0.74. The company’s 50 day simple moving average is $127.87 and its 200 day simple moving average is $116.21.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business earned $1.84 earnings per share. As a group, equities research analysts forecast that Entergy will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. This is a positive change from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 3.52%. Entergy’s dividend payout ratio (DPR) is currently 54.07%.

Insider Buying and Selling at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock valued at $6,140,626 in the last quarter. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently modified their holdings of the stock. Affinity Investment Advisors LLC bought a new position in shares of Entergy during the 3rd quarter valued at $206,000. Shepherd Financial Partners LLC raised its holdings in shares of Entergy by 6.9% during the 3rd quarter. Shepherd Financial Partners LLC now owns 7,259 shares of the utilities provider’s stock valued at $955,000 after purchasing an additional 469 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Entergy by 2.6% during the 3rd quarter. Stephens Inc. AR now owns 8,711 shares of the utilities provider’s stock valued at $1,146,000 after purchasing an additional 224 shares in the last quarter. United Asset Strategies Inc. raised its holdings in shares of Entergy by 1.7% during the 3rd quarter. United Asset Strategies Inc. now owns 146,849 shares of the utilities provider’s stock valued at $19,327,000 after purchasing an additional 2,458 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Entergy by 16.3% during the 3rd quarter. US Bancorp DE now owns 28,782 shares of the utilities provider’s stock valued at $3,788,000 after purchasing an additional 4,030 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.