Entergy (NYSE:ETR) had its price target upped by analysts at KeyCorp from $118.00 to $128.00 in a research note issued on Monday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target suggests a potential upside of 7.19% from the company’s previous close.
A number of other research firms have also recently weighed in on ETR. Morgan Stanley raised their price objective on shares of Entergy from $112.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. ValuEngine cut shares of Entergy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup lifted their target price on shares of Entergy from $109.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $116.00 to $129.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, UBS Group set a $115.00 target price on shares of Entergy and gave the company a “buy” rating in a report on Monday, July 15th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.70.
ETR stock opened at $119.41 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.52 and a debt-to-equity ratio of 1.76. Entergy has a twelve month low of $81.02 and a twelve month high of $119.85. The company’s 50 day moving average is $116.08 and its two-hundred day moving average is $105.19. The stock has a market cap of $23.72 billion, a P/E ratio of 16.34, a PEG ratio of 3.20 and a beta of 0.29.
Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.03). Entergy had a return on equity of 13.75% and a net margin of 8.97%. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $1.42 EPS. On average, equities research analysts predict that Entergy will post 5.27 earnings per share for the current year.
In other Entergy news, Chairman Leo P. Denault sold 24,211 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $2,663,210.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP A. Christopher Bakken III sold 6,750 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $108.00, for a total transaction of $729,000.00. Following the completion of the transaction, the executive vice president now directly owns 32,628 shares in the company, valued at $3,523,824. The disclosure for this sale can be found here. Insiders sold a total of 59,156 shares of company stock worth $6,188,830 over the last three months. 0.27% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors increased its stake in Entergy by 151.0% in the 2nd quarter. Captrust Financial Advisors now owns 261 shares of the utilities provider’s stock valued at $27,000 after buying an additional 157 shares during the period. NuWave Investment Management LLC increased its holdings in Entergy by 957.1% in the third quarter. NuWave Investment Management LLC now owns 296 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 268 shares during the last quarter. Coastal Capital Group Inc. bought a new stake in Entergy in the second quarter valued at about $37,000. Meeder Asset Management Inc. grew its stake in Entergy by 1,469.6% in the second quarter. Meeder Asset Management Inc. now owns 361 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 338 shares during the period. Finally, Stonebridge Capital Advisors LLC acquired a new position in Entergy in the second quarter valued at about $45,000. 86.24% of the stock is currently owned by institutional investors.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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