Entergy (NYSE:ETR) Price Target Raised to $143.00

Entergy (NYSE:ETR) had its price target increased by KeyCorp from $140.00 to $143.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Other research analysts have also recently issued research reports about the company. UBS Group lifted their target price on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. Morgan Stanley boosted their target price on Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Scotiabank increased their price objective on shares of Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Bank of America upped their price target on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $131.19.

Entergy Stock Performance

Entergy stock opened at $137.46 on Tuesday. The stock has a fifty day moving average price of $126.75 and a 200 day moving average price of $115.48. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. Entergy has a 52 week low of $90.78 and a 52 week high of $137.70. The firm has a market capitalization of $29.39 billion, a P/E ratio of 16.44, a PEG ratio of 2.55 and a beta of 0.74.

Entergy (NYSE:ETR) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.16. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the company earned $1.84 earnings per share. Equities research analysts anticipate that Entergy will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Andrew S. Marsh sold 19,200 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,140,475.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock worth $6,140,626 in the last three months. 0.39% of the stock is owned by insiders.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after buying an additional 763,834 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Entergy by 47.1% during the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after purchasing an additional 2,075,776 shares during the last quarter. Capital International Investors boosted its holdings in Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after purchasing an additional 1,630,057 shares during the period. ClearBridge Investments Ltd increased its stake in Entergy by 0.6% during the second quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after purchasing an additional 20,025 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in Entergy by 22.5% during the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock valued at $290,963,000 after purchasing an additional 505,705 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.