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

Shares of Entergy Corporation (NYSE:ETR) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $79.81.

ETR has been the topic of a number of recent analyst reports. Mizuho increased their target price on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $69.00 to $77.00 in a research note on Monday, November 4th. BMO Capital Markets lowered their price objective on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. UBS Group raised their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th.

Entergy Stock Down 0.5 %

Shares of NYSE:ETR opened at $82.37 on Monday. 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 has a 50 day simple moving average of $77.68 and a two-hundred day simple moving average of $69.74. Entergy has a 1 year low of $48.08 and a 1 year high of $84.26. The firm has a market capitalization of $35.32 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is currently 58.47%.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Several hedge funds have recently made changes to their positions in ETR. Legacy Investment Solutions LLC purchased a new stake in Entergy during the 3rd quarter valued at about $27,000. Fortitude Family Office LLC increased its holdings in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares during the period. Cetera Trust Company N.A purchased a new position in Entergy during the 3rd quarter worth approximately $29,000. Coastline Trust Co acquired a new stake in Entergy during the 3rd quarter valued at approximately $31,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Entergy in the 3rd quarter valued at $42,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.