Entergy (NYSE:ETR) PT Raised to $114.00

Entergy (NYSE:ETR) had its target price raised by research analysts at Mizuho from $107.00 to $114.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Mizuho’s price target points to a potential upside of 5.76% from the company’s current price.

Several other brokerages also recently weighed in on ETR. Barclays decreased their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. KeyCorp raised their target price on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Scotiabank reduced their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Finally, BMO Capital Markets raised their target price on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.09.

Entergy Price Performance

Shares of NYSE ETR opened at $107.79 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The stock has a fifty day moving average price of $107.29 and a 200 day moving average price of $103.19. Entergy has a 1-year low of $87.10 and a 1-year high of $114.28. The company has a market cap of $23.02 billion, a PE ratio of 10.81, a P/E/G ratio of 2.01 and a beta of 0.69.

Entergy (NYSE:ETR) last issued its quarterly earnings results 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). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Entergy’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts forecast that Entergy will post 7.23 EPS for the current year.

Insider Buying and Selling

In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares in the company, valued at approximately $235,465.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the sale, the insider now owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,729 shares of company stock worth $2,194,615. 0.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Entergy by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock valued at $2,408,582,000 after purchasing an additional 104,803 shares in the last quarter. FMR LLC lifted its position in Entergy by 64.4% during the 3rd quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after acquiring an additional 1,787,977 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Entergy by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock worth $416,883,000 after acquiring an additional 48,047 shares in the last quarter. Capital International Investors lifted its position in Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after acquiring an additional 1,630,057 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Entergy by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock worth $400,901,000 after acquiring an additional 796,316 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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.