Entergy Corp. (NYSE:ETR) has been assigned a $85.00 target price by equities researchers at Goldman Sachs Group Inc. in a report issued on Sunday. The brokerage currently has a a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 14.62% from the company’s current price.
A number of other research analysts have also recently weighed in on ETR. Deutsche Bank AG lowered their price objective on Entergy Corp. from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, August 3rd. Citigroup Inc. lifted their price objective on Entergy Corp. from $72.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Zacks Investment Research raised Entergy Corp. from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Friday. Finally, Guggenheim raised Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, August 22nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.78.
Shares of Entergy Corp. (NYSE:ETR) opened at 74.16 on Friday. The firm has a 50-day moving average price of $77.46 and a 200 day moving average price of $77.89. Entergy Corp. has a 52 week low of $64.11 and a 52 week high of $82.09. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 76.61 and a beta of 0.38.
Entergy Corp. (NYSE:ETR) last announced its earnings results on Tuesday, August 2nd. The company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $2.06. Entergy Corp. had a return on equity of 15.34% and a net margin of 1.78%. During the same period in the previous year, the business earned $0.83 EPS. On average, analysts forecast that Entergy Corp. will post $6.72 EPS for the current fiscal year.
In other news, insider Charles L. Rice, Jr. sold 760 shares of Entergy Corp. stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $79.36, for a total value of $60,313.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 1,250 shares of Entergy Corp. stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $77.60, for a total value of $97,000.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in ETR. Hancock Holding Co. boosted its position in shares of Entergy Corp. by 35.0% in the first quarter. Hancock Holding Co. now owns 61,080 shares of the company’s stock worth $4,842,000 after buying an additional 15,851 shares during the period. Wellington Management Group LLP boosted its position in shares of Entergy Corp. by 4.3% in the first quarter. Wellington Management Group LLP now owns 110,946 shares of the company’s stock worth $8,796,000 after buying an additional 4,569 shares during the period. Simmons Bank bought a new position in shares of Entergy Corp. during the first quarter worth approximately $1,440,000. Geode Capital Management LLC boosted its position in shares of Entergy Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 1,668,003 shares of the company’s stock worth $132,007,000 after buying an additional 26,197 shares during the period. Finally, AXA bought a new position in shares of Entergy Corp. during the first quarter worth approximately $279,000. Hedge funds and other institutional investors own 85.21% of the company’s stock.
About Entergy Corp.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It 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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