Entergy (NYSE:ETR) Stock Rating Upgraded by Barclays

Entergy (NYSE:ETR) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Tuesday, Briefing.com reports. The firm currently has a $138.00 target price on the utilities provider’s stock, up from their prior target price of $115.00. Barclays‘s target price suggests a potential upside of 7.43% from the stock’s current price.

Several other research analysts have also recently issued reports on ETR. Bank of America upped their price objective on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Argus upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. KeyCorp upped their price objective on shares of Entergy from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday. Guggenheim raised their price target on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 target price (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.35.

Entergy Stock Performance

NYSE:ETR opened at $128.46 on Tuesday. Entergy has a 1-year low of $87.10 and a 1-year high of $128.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The firm has a market capitalization of $27.47 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 2.31 and a beta of 0.73. The company’s 50-day moving average is $116.80 and its two-hundred day moving average is $110.17.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. Analysts forecast that Entergy will post 7.22 EPS for the current year.

Insider Activity

In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,288,742.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,288,742.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,888 shares of company stock worth $5,110,766. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Entergy

Several hedge funds have recently added to or reduced their stakes in the business. Tidemark LLC bought a new position in shares of Entergy during the 4th quarter worth approximately $25,000. Iron Horse Wealth Management LLC bought a new position in Entergy during the 2nd quarter worth $25,000. Heritage Wealth Advisors boosted its stake in shares of Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the period. American National Bank grew its stake in Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of Entergy during the 2nd quarter worth $32,000. Institutional investors and hedge funds 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.