Entergy (NYSE:ETR) Price Target Raised to $152.00

Entergy (NYSE:ETR) had its price target hoisted by Barclays from $137.00 to $152.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price indicates a potential upside of 4.07% from the company’s current price.

Several other brokerages have also weighed in on ETR. UBS Group increased their target price on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. increased their target price on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $116.00 to $150.00 in a research report on Monday. Royal Bank of Canada increased their target price on Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, StockNews.com lowered Entergy from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.96.

Entergy Stock Performance

Shares of ETR opened at $146.06 on Tuesday. The business’s fifty day moving average price is $131.25 and its 200 day moving average price is $118.08. Entergy has a 12-month low of $94.85 and a 12-month high of $156.85. The stock has a market capitalization of $31.32 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.69 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the company earned $3.27 earnings per share. Equities research analysts forecast that Entergy will post 7.21 EPS for the current year.

Insider Activity at Entergy

In related news, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the transaction, the insider now owns 5,117 shares of the company’s stock, valued at $614,040. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction dated 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 owns 150,731 shares of the company’s stock, valued at $18,140,475.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the transaction, the insider now directly owns 5,117 shares of the company’s stock, valued at $614,040. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,138 shares of company stock valued at $4,430,838 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atlanta Consulting Group Advisors LLC purchased a new position in Entergy in the 3rd quarter worth about $781,000. Mutual of America Capital Management LLC increased its stake in Entergy by 13.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 55,487 shares of the utilities provider’s stock worth $7,303,000 after purchasing an additional 6,377 shares in the last quarter. Natixis Advisors LLC increased its stake in Entergy by 14.8% in the 3rd quarter. Natixis Advisors LLC now owns 229,939 shares of the utilities provider’s stock worth $30,262,000 after purchasing an additional 29,558 shares in the last quarter. Meridian Investment Counsel Inc. purchased a new position in Entergy in the 3rd quarter worth about $237,000. Finally, Coastline Trust Co purchased a new position in Entergy in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Entergy

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.