Entergy stock (ETR:NYE), a utility provider, has received a “Hold” rating from research analysts.
Several other brokerages have also recently commented on ETR, with Bank of America downgrading Entergy stock to “neutral” and reducing its target price from $135 to $119. TheStreet downgraded ETR stock from a “b” to a “c+” rating, while Mizuho reduced its price target from $114 to $113 and set a “buy” rating.
Wells Fargo & Company, on the other hand, boosted its price target from $123 to $135, while Morgan Stanley reduced its price target from $108 to $103 and set an “underweight” rating.
According to Stock Target Advisor, the average rating for Entergy is “Hold,” and the average price target is $117.35.
Entergy Stock Price Analysis:
Entergy’s shares opened at $105.09 on Thursday, with a 50-day moving average price of $106.43 and a 200-day moving average price of $109.40.
The company has a current ratio of 0.64, a quick ratio of 0.43, and a debt-to-equity ratio of 1.82. It has a market cap of $22.22 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.51, and a beta of 0.63.
Over the past 12 months, ETR’s share price has ranged from $94.94 to $126.82.
Entergy Stock-Earnings Review:
In terms of its earnings, Entergy reported $0.51 EPS for the quarter that ended February 16th, surpassing analysts’ consensus estimates of $0.45 by $0.06.
The company had a net margin of 8.01% and a return on equity of 10.88%. It generated $3.27 billion in revenue for the quarter, compared to a consensus estimate of $2.65 billion.
For the current fiscal year, sell-side analysts expect Entergy to post 6.68 earnings per share.
Insider Transactions:
Insider activity at Entergy shows that EVP Marcus V. Brown sold 12,500 shares of the company’s stock on February 27th at an average price of $106.10, for a total value of $1,326,250. Following the transaction, Brown owns 9,129 shares in the company, valued at $968,586.90.
Haley Fisackerly, another insider, also sold 3,890 shares of Entergy stock on the same day at an average price of $108.42, for a total value of $421,753.80. Following the sale, Fisackerly owns 1,656 shares of the company’s stock, valued at approximately $179,543.52.
Overall, corporate insiders have sold 17,092 shares of Entergy stock worth $1,821,838, and they currently own 0.37% of the company’s stock.
Hedge Funds & Institutional Investors:
Several institutional investors and hedge funds have increased or decreased their stakes in Entergy. Wetherby Asset Management Inc. grew its holdings by 2.7% in the first quarter, while Greenleaf Trust lifted its position by 2.6% in the fourth quarter. Parkside Financial Bank & Trust lifted its position by 15.5% in the first quarter.
Company Profile:
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility, and Entergy Wholesale Commodities.
The company sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies.
The company’s power plants have approximately 24,000 megawatts (MW) of electric generating capacity, which include 5,000 MW of nuclear power. It delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. The company was founded in 1913 and is headquartered in New Orleans, Louisiana.
