Entergy (NYSE:ETR) Given New $86.00 Price Target at Evercore ISI

Entergy (NYSE:ETR) had its target price raised by Evercore ISI from $75.00 to $86.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an in-line rating on the utilities provider’s stock.

A number of other brokerages have also commented on ETR. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and upped their target price for the company from $69.00 to $77.00 in a report on Monday, November 4th. UBS Group upped their target price on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Scotiabank dropped their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company upped their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Down 0.1 %

Shares of NYSE:ETR opened at $87.31 on Wednesday. The company has a market capitalization of $37.44 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.52 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The business’s 50-day moving average is $78.74 and its 200-day moving average is $71.08. Entergy has a 1 year low of $49.80 and a 1 year high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the business earned $0.26 EPS. Equities research analysts predict that Entergy will post 3.63 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a $0.60 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Entergy

A number of institutional investors and hedge funds have recently made changes to their positions in ETR. Fortis Group Advisors LLC raised its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. NBT Bank N A NY increased its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in Entergy in the third quarter valued at $27,000. Duncker Streett & Co. Inc. increased its stake in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Sandy Spring Bank increased its stake in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Hedge funds and other institutional investors 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.