Entergy (NYSE:ETR – Free Report) had its target price trimmed by Morgan Stanley from $102.00 to $94.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has an underweight rating on the utilities provider’s stock.
Several other analysts also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $121.00 to $124.00 and gave the stock an overweight rating in a research report on Thursday, August 17th. Barclays started coverage on shares of Entergy in a report on Wednesday. They set an equal weight rating and a $98.00 price objective for the company. StockNews.com started coverage on shares of Entergy in a report on Thursday, August 17th. They set a hold rating for the company. Guggenheim decreased their price objective on shares of Entergy from $124.00 to $110.00 in a report on Friday, July 7th. Finally, Bank of America decreased their price objective on shares of Entergy from $119.00 to $107.00 in a report on Sunday, May 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $114.58.
Read Our Latest Stock Analysis on Entergy
Entergy Stock Up 0.8 %
Entergy (NYSE:ETR – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $3.26 billion. Entergy had a net margin of 10.22% and a return on equity of 10.22%. During the same period in the previous year, the firm posted $1.78 earnings per share. On average, research analysts predict that Entergy will post 6.71 EPS for the current fiscal year.
Entergy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Thursday, August 10th. Entergy’s dividend payout ratio (DPR) is presently 65.24%.
Institutional Trading of Entergy
Hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new position in shares of Entergy in the 1st quarter valued at $29,000. Dimensional Fund Advisors LP raised its stake in shares of Entergy by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 637,493 shares of the utilities provider’s stock valued at $74,429,000 after buying an additional 11,568 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Entergy by 20.0% in the 1st quarter. Blair William & Co. IL now owns 44,607 shares of the utilities provider’s stock valued at $5,208,000 after buying an additional 7,434 shares in the last quarter. Sei Investments Co. raised its stake in shares of Entergy by 52.8% in the 1st quarter. Sei Investments Co. now owns 189,102 shares of the utilities provider’s stock valued at $22,074,000 after buying an additional 65,376 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Entergy by 37.7% in the 1st quarter. Allianz Asset Management GmbH now owns 288,794 shares of the utilities provider’s stock valued at $33,717,000 after buying an additional 79,137 shares in the last quarter. 86.41% of the stock is 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. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.
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