Shares of Entergy Co. (NYSE:ETR) have been assigned an average recommendation of “Buy” from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $84.00.
Several equities analysts have recently commented on the stock. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, December 12th. TheStreet cut shares of Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Morgan Stanley set a $76.00 price target on shares of Entergy and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $96.00 price target (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Finally, Mizuho upgraded shares of Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th.
Shares of Entergy (ETR) traded down $1.07 during mid-day trading on Friday, hitting $73.98. 792,657 shares of the stock traded hands, compared to its average volume of 1,381,782. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. Entergy has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a market capitalization of $13,452.16, a PE ratio of -15.07, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50.
Several large investors have recently made changes to their positions in ETR. Renaissance Technologies LLC boosted its holdings in shares of Entergy by 32.4% in the fourth quarter. Renaissance Technologies LLC now owns 3,798,700 shares of the utilities provider’s stock valued at $309,176,000 after acquiring an additional 928,800 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Entergy by 39.5% in the fourth quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock valued at $162,873,000 after acquiring an additional 567,130 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Entergy by 159.6% in the fourth quarter. Systematic Financial Management LP now owns 670,953 shares of the utilities provider’s stock valued at $54,609,000 after acquiring an additional 412,477 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Entergy by 12,733.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 380,643 shares of the utilities provider’s stock worth $30,981,000 after buying an additional 377,677 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Entergy by 27.7% during the third quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock worth $88,036,000 after buying an additional 250,267 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.
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Entergy Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company 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.
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