1 week Ago By ABMN Staff
Entergy ( NYSE:ETR – Free Report ) had its price target raised by Barclays from $79.00 to $88.00 in a research note issued to investors on Tuesday, Benzinga reports.
The firm currently has an overweight rating on the utilities provider’s stock. A number of other research firms have also recently commented on ETR. UBS Group raised their target price on Entergy from $86.
00 to $96.00 and gave the company a “buy” rating in a research note on Friday, March 21st. StockNews.
com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Scotiabank dropped their target price on shares of Entergy from $165.00 to $82.
00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.
00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th.
Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.
61. Read Our Latest Report on ETR Entergy Stock Down 0.4 % Entergy ( NYSE:ETR – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 18th.
The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.
03. Entergy had a net margin of 8.90% and a return on equity of 10.
68%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.
24 billion. During the same quarter in the previous year, the company earned $0.26 earnings per share.
Research analysts anticipate that Entergy will post 3.88 EPS for the current year. Entergy Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd.
Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.
40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, May 2nd.
Entergy’s payout ratio is currently 98.77%. Institutional Investors Weigh In On Entergy Several large investors have recently bought and sold shares of ETR.
Gen Wealth Partners Inc boosted its holdings in shares of Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 144 shares during the last quarter.
Hall Laurie J Trustee grew its position in Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 150 shares during the period.
Wealth Enhancement Advisory Services LLC raised its stake in Entergy by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider’s stock valued at $2,224,000 after buying an additional 162 shares during the last quarter.
NBT Bank N A NY lifted its holdings in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares during the period.
Finally, Fortis Group Advisors LLC boosted its stake in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter.
88.07% of the stock is currently owned by institutional investors. Entergy Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter .
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