Entergy (NYSE:ETR)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a note issued to investors on Friday. They currently have a $94.00 price objective on the utilities provider’s stock, up from their prior price objective of $88.00. Guggenheim’s price target indicates a potential upside of 21.20% from the company’s current price.
A number of other equities analysts have also weighed in on the company. TheStreet raised Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Mizuho raised Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Bank of America raised Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Tuesday, December 12th. Morgan Stanley upped their price objective on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Finally, UBS Group initiated coverage on Entergy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $82.00 price objective for the company. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $82.14.
Entergy (ETR) traded down $0.18 during trading hours on Friday, reaching $77.56. The company’s stock had a trading volume of 192,388 shares, compared to its average volume of 1,365,598. Entergy has a twelve month low of $71.95 and a twelve month high of $87.95. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $14,010.00, a price-to-earnings ratio of 34.04, a PEG ratio of 2.31 and a beta of 0.50.
Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Entergy by 2.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 56,160 shares of the utilities provider’s stock worth $4,571,000 after buying an additional 1,194 shares during the period. Colonial Trust Advisors purchased a new stake in shares of Entergy in the fourth quarter worth approximately $256,000. Xact Kapitalforvaltning AB raised its holdings in shares of Entergy by 20.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 17,367 shares of the utilities provider’s stock worth $1,414,000 after buying an additional 2,915 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Entergy by 414.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 42,088 shares of the utilities provider’s stock worth $3,426,000 after buying an additional 33,913 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Entergy by 124.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 153,251 shares of the utilities provider’s stock worth $12,473,000 after buying an additional 84,826 shares during the period. Institutional investors and hedge funds own 82.31% 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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