In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Entergy Corp (NYSE: ETR), with a price target of $87. The company’s shares closed yesterday at $85.19.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.
Currently, the analyst consensus on Entergy Corp is a Moderate Buy with an average price target of $84.10.
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Entergy Corp’s market cap is currently $15.41B and has a P/E ratio of 52.59. The company has a Price to Book ratio of 1.92.
Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is negative on the stock. Last month, Charles L. Rice, an Insider at ETR sold 5,766 shares for a total of $476,835.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.
