Entergy (NYSE:ETR) Upgraded at StockNews.com

StockNews.com upgraded shares of Entergy (NYSE:ETR - Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other analysts have also issued reports on the company. Argus upgraded Entergy to a "strong-buy" rating in a research note on Wednesday, August 28th. Mizuho boosted their price objective on Entergy from $138.00 to $165.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Morgan Stanley raised shares of Entergy from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $116.00 to $150.00 in a report on Monday, November 4th. Scotiabank lifted their target price on shares of Entergy from $119.00 to $144.00 and gave the stock a "sector perform" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their price target on shares of Entergy from $137.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Entergy currently has an average rating of "Moderate Buy" and a consensus price target of $150.96.

Entergy Stock Up 2.1 %

Entergy stock traded up $3.02 during trading on Friday, hitting $148.98. 2,464,641 shares of the company were exchanged, compared to its average volume of 1,899,604. The company has a market capitalization of $31.94 billion, a P/E ratio of 18.15, a PEG ratio of 2.44 and a beta of 0.71. The business's 50 day moving average is $132.34 and its 200 day moving average is $118.56. Entergy has a 52 week low of $94.85 and a 52 week high of $156.85. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. The business had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the previous year, the firm earned $3.27 earnings per share. Analysts predict that Entergy will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This is a positive change from Entergy's previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 3.22%. Entergy's dividend payout ratio (DPR) is currently 58.47%.

Insider Buying and Selling

In other news, insider Eliecer Viamontes sold 200 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total transaction of $29,400.00. Following the transaction, the insider now directly owns 4,173 shares in the company, valued at approximately $613,431. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company's stock, valued at $18,092,241.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eliecer Viamontes sold 200 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total value of $29,400.00. Following the completion of the sale, the insider now directly owns 4,173 shares of the company's stock, valued at $613,431. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,338 shares of company stock worth $4,460,238 over the last ninety days. 0.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC purchased a new position in Entergy during the 2nd quarter valued at about $25,000. Heritage Wealth Advisors lifted its holdings in shares of Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 239 shares during the last quarter. Cetera Trust Company N.A bought a new stake in shares of Entergy in the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC grew its stake in shares of 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 last quarter. Finally, American National Bank increased its position in Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider's stock valued at $30,000 after buying an additional 134 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

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.