Guggenheim reiterated their buy rating on shares of Entergy (NYSE:ETR) in a research note published on Wednesday, January 3rd. They currently have a $101.00 target price on the utilities provider’s stock.
Other equities analysts also recently issued research reports about the company. TheStreet raised Entergy from a c rating to a b- rating in a research report on Friday, October 27th. Mizuho raised Entergy from a neutral rating to a buy rating in a research report on Friday, November 17th. Jefferies Group upgraded Entergy from a hold rating to a buy rating in a report on Monday, October 16th. Citigroup upgraded Entergy from a neutral rating to a buy rating and set a $91.00 target price for the company in a report on Friday, October 13th. Finally, Bank of America upgraded Entergy from a neutral rating to a buy rating and set a $89.00 target price for the company in a report on Tuesday, December 12th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $84.54.
Entergy (ETR) opened at $78.22 on Wednesday. The company has a market capitalization of $14,270.50, a P/E ratio of -15.83, a P/E/G ratio of 2.28 and a beta of 0.55. Entergy has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same period in the prior year, the firm earned $2.31 EPS. analysts anticipate that Entergy will post 6.91 earnings per share for the current year.
In related news, COO Paul D. Hinnenkamp sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $84.00, for a total transaction of $193,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The disclosure for this sale can be found here. Insiders sold 50,012 shares of company stock worth $4,267,922 over the last three months. Corporate insiders own 0.24% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC lifted its position in shares of Entergy by 0.4% in the second quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock valued at $524,000 after acquiring an additional 27 shares in the last quarter. Advisory Services Network LLC lifted its position in Entergy by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after buying an additional 49 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Entergy by 2.9% during the second quarter. Thrivent Financial For Lutherans now owns 6,790 shares of the utilities provider’s stock worth $521,000 after buying an additional 190 shares in the last quarter. Rench Wealth Management Inc. lifted its position in Entergy by 0.8% during the second quarter. Rench Wealth Management Inc. now owns 23,476 shares of the utilities provider’s stock worth $1,802,000 after buying an additional 194 shares in the last quarter. Finally, HPM Partners LLC lifted its position in Entergy by 4.1% during the second quarter. HPM Partners LLC now owns 5,315 shares of the utilities provider’s stock worth $408,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.
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Entergy 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. The Company 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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