Entergy (NYSE:ETR) Stock Rating Upgraded by Wall Street Zen

Entergy (NYSE:ETR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other equities analysts have also recently commented on ETR. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. dropped their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Mizuho upped their price target on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Barclays set a $100.00 price objective on Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, BMO Capital Markets restated an “outperform” rating and set a $104.00 price objective (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.53.

Entergy Trading Up 1.5%

Shares of Entergy stock opened at $93.77 on Friday. Entergy has a 1-year low of $73.15 and a 1-year high of $98.58. The stock’s 50 day simple moving average is $95.41 and its 200-day simple moving average is $89.84. The stock has a market cap of $41.88 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last posted its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. Analysts predict that Entergy will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is owned by insiders.

Institutional Trading of Entergy

Several hedge funds have recently modified their holdings of the company. New Mexico Educational Retirement Board boosted its position in shares of Entergy by 1.0% during the third quarter. New Mexico Educational Retirement Board now owns 20,198 shares of the utilities provider’s stock worth $1,882,000 after purchasing an additional 200 shares in the last quarter. Allworth Financial LP grew its position in shares of Entergy by 1.3% in the 3rd quarter. Allworth Financial LP now owns 9,494 shares of the utilities provider’s stock valued at $885,000 after acquiring an additional 126 shares during the period. Swiss Life Asset Management Ltd grew its holdings in Entergy by 24.4% during the third quarter. Swiss Life Asset Management Ltd now owns 38,001 shares of the utilities provider’s stock worth $3,541,000 after purchasing an additional 7,444 shares during the period. Groupama Asset Managment boosted its stake in shares of Entergy by 4.2% during the 3rd quarter. Groupama Asset Managment now owns 565,918 shares of the utilities provider’s stock worth $52,738,000 after acquiring an additional 22,663 shares during the period. Finally, Investment Research Partners LLC acquired a new stake in Entergy during the 3rd quarter valued at $259,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Company Profile

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.