Entergy (NYSE:ETR) PT Raised to $143.00

Entergy (NYSE:ETR) had its target price boosted by research analysts at KeyCorp from $140.00 to $143.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective would indicate a potential upside of 6.44% from the stock’s current price.

ETR has been the subject of a number of other reports. Bank of America boosted their price target on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. UBS Group raised their price target on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Barclays cut their target price on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Finally, Royal Bank of Canada increased their price target on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $131.19.

Entergy Stock Down 0.5 %

Entergy stock opened at $134.35 on Tuesday. The stock’s fifty day moving average is $126.01 and its two-hundred day moving average is $115.11. The stock has a market cap of $28.69 billion, a PE ratio of 13.48, a P/E/G ratio of 2.46 and a beta of 0.74. Entergy has a 1-year low of $90.78 and a 1-year high of $136.02. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $1.84 earnings per share. On average, sell-side analysts expect that Entergy will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,140,475.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,140,475.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the transaction, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at approximately $4,549,090. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,810 shares of company stock valued at $6,140,626. Corporate insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank & Trust Co increased its position in Entergy by 12.8% during the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 90 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Entergy by 2.3% during the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after buying an additional 92 shares in the last quarter. Alliance Wealth Advisors LLC raised its position in shares of Entergy by 3.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after buying an additional 92 shares during the last quarter. CarsonAllaria Wealth Management Ltd. lifted its stake in shares of Entergy by 5.4% during the third quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock valued at $245,000 after buying an additional 95 shares during the period. Finally, Marino Stram & Associates LLC boosted its position in Entergy by 1.6% during the third quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 95 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.