Barclays Remains a Buy on Entergy (ETR)

Barclays analyst Nicholas Campanella maintained a Buy rating on Entergy (ETR – Research Report) on December 24 and set a price target of $78.00. The company’s shares closed last Tuesday at $76.23.

Campanella covers the Utilities sector, focusing on stocks such as Entergy, TXNM Energy, and Sempra Energy. According to TipRanks, Campanella has an average return of 9.2% and a 66.67% success rate on recommended stocks.

In addition to Barclays, Entergy also received a Buy from Mizuho Securities’s Anthony Crowdell in a report issued on December 20. However, on the same day, Morgan Stanley maintained a Hold rating on Entergy (NYSE: ETR).

ETR market cap is currently $32.35B and has a P/E ratio of 18.36.

Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ETR in relation to earlier this year. Earlier this month, DEANNA D. RODRIGUEZ, an Insider at ETR sold 6,088.00 shares for a total of $450,146.72.

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Entergy (ETR) Company Description:

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. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.