Entergy Corp. (NYSE:ETR) has been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock. Ten investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $80.64.
Several equities research analysts have commented on ETR shares. Citigroup Inc. upped their price objective on Entergy Corp. from $72.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Deutsche Bank AG lowered their price objective on Entergy Corp. from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, August 3rd. Finally, Guggenheim upgraded Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, August 22nd.
In related news, insider Haley Fisackerly sold 1,250 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $77.60, for a total value of $97,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles L. Rice, Jr. sold 760 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $79.36, for a total value of $60,313.60. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of ETR. Iowa State Bank bought a new stake in shares of Entergy Corp. during the second quarter worth about $103,000. Nikko Asset Management Americas Inc. bought a new stake in shares of Entergy Corp. during the first quarter worth about $111,000. Washington Trust Bank increased its stake in shares of Entergy Corp. by 2.8% in the third quarter. Washington Trust Bank now owns 1,991 shares of the company’s stock worth $153,000 after buying an additional 55 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Entergy Corp. by 70.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,928 shares of the company’s stock worth $157,000 after buying an additional 797 shares during the period. Finally, Mizuho Asset Management Co. Ltd. increased its stake in shares of Entergy Corp. by 75.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,345 shares of the company’s stock worth $191,000 after buying an additional 1,009 shares during the period. 85.22% of the stock is owned by institutional investors and hedge funds.
Entergy Corp. (NYSE:ETR) opened at 73.13 on Tuesday. Entergy Corp. has a 12-month low of $64.11 and a 12-month high of $82.09. The company has a 50 day moving average of $78.14 and a 200-day moving average of $78.03. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 75.55 and a beta of 0.38.
Entergy Corp. (NYSE:ETR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $3.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $2.06. Entergy Corp. had a return on equity of 15.34% and a net margin of 1.78%. During the same period last year, the firm posted $0.83 EPS. On average, equities research analysts forecast that Entergy Corp. will post $6.72 earnings per share for the current year.