Morgan Stanley Maintains a Hold Rating on Entergy Corp (ETR)

By Jason Carr

In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Entergy Corp (ETRResearch Report), with a price target of $116.00. The company’s shares closed last Monday at $117.09, close to its 52-week high of $117.49.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.4% and a 52.7% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and Public Service Enterprise.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Entergy Corp with a $117.80 average price target.

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The company has a one-year high of $117.49 and a one-year low of $78.99. Currently, Entergy Corp has an average volume of 1.35M.

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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.