Guggenheim reiterated their buy rating on shares of Entergy (NYSE:ETR) in a report published on Wednesday morning. They currently have a $101.00 price objective on the utilities provider’s stock.

Several other research firms also recently weighed in on ETR. JPMorgan Chase & Co. boosted their price target on Entergy from $83.00 to $84.00 and gave the company a neutral rating in a research note on Thursday, October 12th. Bank of America initiated coverage on Entergy in a research note on Tuesday, October 24th. They set a neutral rating and a $86.00 price target on the stock. Wells Fargo & Co reiterated an outperform rating and set a $96.00 price target (up previously from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Morgan Stanley boosted their price target on Entergy from $82.00 to $84.00 and gave the company an underweight rating in a research note on Friday, September 8th. Finally, TheStreet upgraded Entergy from a c rating to a b- rating in a research note on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $84.54.

Shares of Entergy (ETR) opened at $79.92 on Wednesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The firm has a market capitalization of $14,517.45, a PE ratio of 11.91, a price-to-earnings-growth ratio of 2.32 and a beta of 0.55. Entergy has a one year low of $69.63 and a one year high of $87.95.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter in the previous year, the business earned $2.31 EPS. equities research analysts forecast that Entergy will post 6.91 earnings per share for the current year.

In other news, COO Paul D. Hinnenkamp sold 2,300 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $84.00, for a total value of $193,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The disclosure for this sale can be found here. In the last three months, insiders sold 57,812 shares of company stock valued at $4,907,522. Insiders own 0.24% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Advisory Services Network LLC raised its holdings in Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares during the period. Krilogy Financial LLC raised its holdings in Entergy by 1,116.0% in the 3rd quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 2,232 shares during the period. BlueMountain Capital Management LLC acquired a new position in Entergy in the 2nd quarter worth about $204,000. Buckingham Asset Management LLC acquired a new position in Entergy in the 3rd quarter worth about $212,000. Finally, Caxton Associates LP acquired a new position in Entergy in the 3rd quarter worth about $252,000. 82.81% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Entergy (NYSE:ETR)

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