Wells Fargo & Co upgraded shares of Entergy Co. (NYSE:ETR) from a market perform rating to an outperform rating in a report released on Thursday morning.
Several other analysts have also recently weighed in on ETR. Bank of America Corp cut shares of Entergy from a neutral rating to an underperform rating and set a $64.00 target price on the stock. in a report on Tuesday, November 22nd. Jefferies Group LLC set a $72.00 target price on shares of Entergy and gave the company a hold rating in a report on Friday, December 9th. Royal Bank of Canada reaffirmed a hold rating and issued a $75.00 target price on shares of Entergy in a report on Wednesday, January 4th. Zacks Investment Research raised shares of Entergy from a hold rating to a buy rating and set a $79.00 target price on the stock in a report on Wednesday, February 8th. Finally, TheStreet cut shares of Entergy from a b rating to a c rating in a report on Wednesday, February 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $76.90.
Shares of Entergy (NYSE:ETR) opened at 75.76 on Thursday. The firm’s 50-day moving average is $73.45 and its 200 day moving average is $73.22. Entergy has a 52 week low of $66.71 and a 52 week high of $82.08. The firm’s market capitalization is $13.59 billion.
Entergy (NYSE:ETR) last issued its earnings results on Wednesday, February 15th. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.18. Entergy had a net margin of 12.20% and a return on equity of 15.70%. During the same period in the previous year, the business earned $1.58 EPS. On average, equities analysts forecast that Entergy will post $4.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Thursday, February 9th were given a dividend of $0.87 per share. The ex-dividend date was Tuesday, February 7th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.59%. Entergy’s dividend payout ratio (DPR) is presently 48.60%.
In other news, insider Sallie T. Rainer sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $73.46, for a total transaction of $36,730.00. Following the transaction, the insider now directly owns 4,219 shares in the company, valued at $309,927.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marcus V. Brown sold 4,005 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $75.53, for a total transaction of $302,497.65. Following the transaction, the executive vice president now owns 24,847 shares in the company, valued at $1,876,693.91. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Entergy by 4.0% in the second quarter. Public Employees Retirement System of Ohio now owns 72,217 shares of the company’s stock worth $5,875,000 after buying an additional 2,799 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Entergy during the second quarter worth about $1,237,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Entergy during the second quarter worth about $587,000. Washington Trust Bank raised its position in shares of Entergy 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. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Entergy by 30.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 66,785 shares of the company’s stock worth $5,124,000 after buying an additional 15,750 shares during the period. Institutional investors and hedge funds own 85.60% of the company’s stock.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.