Entergy (NYSE:ETR) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Entergy (NYSE:ETR) to a moderate buy rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Mizuho lifted their price target on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Scotiabank set a $105.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Morgan Stanley set a $93.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. upped their price target on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $101.13.

Entergy Trading Up 0.7%

Shares of NYSE:ETR opened at $96.10 on Tuesday. The firm has a fifty day moving average of $92.17 and a two-hundred day moving average of $87.07. The firm has a market capitalization of $42.90 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. Entergy has a 12-month low of $70.21 and a 12-month high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. On average, equities analysts expect that Entergy will post 3.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Entergy

Hedge funds have recently modified their holdings of the business. Mattson Financial Services LLC boosted its holdings in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Atwood & Palmer Inc. lifted its stake in shares of Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy in the first quarter valued at about $28,000. Capital A Wealth Management LLC lifted its position in shares of Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares during the period. Finally, GoalVest Advisory LLC lifted its position in shares of Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 344 shares during the period. 88.07% of the stock is owned by institutional investors.

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.