Barclays Cuts Entergy (NYSE:ETR) Price Target to $115.00

Entergy (NYSE:ETR) had its target price trimmed by Barclays from $116.00 to $115.00 in a research note published on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

ETR has been the subject of several other research reports. Scotiabank lowered their target price on shares of Entergy from $111.00 to $104.00 and set a sector perform rating for the company in a report on Monday, April 22nd. Mizuho increased their target price on shares of Entergy from $107.00 to $114.00 and gave the company a buy rating in a report on Friday, May 31st. BMO Capital Markets lowered their target price on shares of Entergy from $120.00 to $117.00 and set an outperform rating for the company in a report on Monday, July 8th. KeyCorp increased their target price on shares of Entergy from $112.00 to $123.00 and gave the company an overweight rating in a report on Monday, May 20th. Finally, LADENBURG THALM/SH SH reiterated a neutral rating and issued a $109.50 target price (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of Moderate Buy and an average price target of $113.42.

Entergy Stock Performance

ETR opened at $111.42 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The company’s fifty day moving average price is $108.47 and its two-hundred day moving average price is $105.14. Entergy has a 1-year low of $87.10 and a 1-year high of $114.28. The company has a market cap of $23.79 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.12 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. On average, analysts expect that Entergy will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETR. CWM LLC boosted its position in shares of Entergy by 15.6% in the fourth quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock valued at $1,492,000 after acquiring an additional 1,989 shares during the period. Financial Counselors Inc. raised its position in shares of Entergy by 28.9% in the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after buying an additional 35,718 shares in the last quarter. Brendel Financial Advisors LLC bought a new stake in Entergy during the fourth quarter valued at $1,782,000. State Board of Administration of Florida Retirement System increased its stake in Entergy by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after acquiring an additional 13,882 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in shares of Entergy by 11.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock valued at $5,592,000 after acquiring an additional 5,509 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It 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.