Entergy (NYSE:ETR) PT Raised to $140.00 at Royal Bank of Canada

Entergy (NYSE:ETR) had its price target upped by equities researchers at Royal Bank of Canada from $137.00 to $140.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 6.50% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Bank of America boosted their price objective on Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Morgan Stanley upped their price objective on Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Scotiabank upped their price objective on Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets upped their price target on Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.27.

Entergy Trading Up 0.6 %

Shares of ETR stock traded up $0.81 during mid-day trading on Monday, reaching $131.45. 73,069 shares of the stock traded hands, compared to its average volume of 1,563,769. The stock’s fifty day simple moving average is $123.94 and its two-hundred day simple moving average is $113.88. Entergy has a 1-year low of $90.78 and a 1-year high of $133.38. The company has a market cap of $28.07 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

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

Insider Buying and Selling

In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,549,090. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,549,090. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,810 shares of company stock worth $6,140,626 in the last ninety days. 0.39% of the stock is owned by insiders.

Institutional Trading of Entergy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Iron Horse Wealth Management LLC purchased a new stake in shares of Entergy during the 2nd quarter valued at about $25,000. Heritage Wealth Advisors increased 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 worth $26,000 after purchasing an additional 239 shares in the last quarter. American National Bank increased its stake in shares of Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares in the last quarter. TruNorth Capital Management LLC bought a new position in shares of Entergy during the second quarter worth $32,000. Finally, Rothschild Investment LLC bought a new position in shares of Entergy during the second quarter worth $34,000. Institutional investors 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.