Entergy Corporation (NYSE:ETR) Given Average Rating of “Moderate Buy” by Brokerages

Entergy Corporation (NYSE:ETR) has been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $102.4688.

ETR has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective for the company. Scotiabank set a $105.00 target price on shares of Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, Evercore ISI boosted their target price on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th.

Entergy Trading Up 1.0%

Entergy stock opened at $97.49 on Friday. Entergy has a one year low of $73.15 and a one year high of $98.58. The company’s fifty day moving average price is $95.24 and its two-hundred day moving average price is $88.93. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.52. The company has a market capitalization of $43.54 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.40 and a beta of 0.63.

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

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio is currently 63.21%.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at $975,659.58. This trade represents a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,179 shares of company stock valued at $981,707 in the last 90 days. 0.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mattson Financial Services LLC raised its stake in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Atwood & Palmer Inc. grew its holdings in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares during the last quarter. Capital A Wealth Management LLC increased its position in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares in the last quarter. GoalVest Advisory LLC increased its position in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Entergy during the 2nd quarter valued at about $30,000. Institutional investors own 88.07% of the company’s stock.

About Entergy

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.