Entergy (NYSE:ETR) Stock Rating Upgraded by StockNews.com

Entergy (NYSE:ETRGet Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Several other equities research analysts also recently weighed in on ETR. Scotiabank lifted their price target on shares of Entergy from $72.00 to $82.50 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. BMO Capital Markets decreased their target price on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Mizuho boosted their price objective on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Bank of America cut Entergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.40.

View Our Latest Stock Report on Entergy

Entergy Stock Down 0.0 %

Shares of NYSE:ETR opened at $75.75 on Friday. Entergy has a 1 year low of $48.08 and a 1 year high of $79.04. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The business’s 50-day moving average is $74.12 and its 200-day moving average is $64.58. The company has a market capitalization of $32.48 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 2.48 and a beta of 0.71.

Entergy (NYSE:ETRGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.04. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the previous year, the firm earned $1.64 earnings per share. Equities research analysts predict that Entergy will post 3.61 earnings per share for the current year.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of Entergy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now owns 4,032 shares of the company’s stock, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eliecer Viamontes sold 400 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the transaction, the insider now directly owns 8,346 shares of the company’s stock, valued at $613,431. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,756 shares of company stock worth $1,095,637 in the last 90 days. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after buying an additional 1,354,355 shares during the period. Principal Financial Group Inc. raised its stake in Entergy by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after acquiring an additional 10,697 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Entergy by 35.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,076 shares of the utilities provider’s stock valued at $1,723,000 after acquiring an additional 3,456 shares during the period. DGS Capital Management LLC lifted its holdings in Entergy by 17.9% during the third quarter. DGS Capital Management LLC now owns 4,141 shares of the utilities provider’s stock valued at $545,000 after purchasing an additional 628 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

About Entergy

(Get Free Report)

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.

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Analyst Recommendations for Entergy (NYSE:ETR)

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