Entergy (NYSE:ETR) PT Raised to $112.00

Entergy (NYSE:ETR) had its price target raised by investment analysts at KeyCorp from $108.00 to $112.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 4.90% from the company’s current price.

Several other brokerages have also issued reports on ETR. BMO Capital Markets lifted their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $117.00 target price on shares of Entergy in a research report on Monday, February 26th. Finally, Barclays cut their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.00.

Entergy Price Performance

ETR stock opened at $106.77 on Friday. The firm has a market cap of $22.77 billion, a P/E ratio of 9.63, a P/E/G ratio of 2.05 and a beta of 0.71. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. The company’s 50-day moving average price is $102.62 and its two-hundred day moving average price is $100.20. Entergy has a 12 month low of $87.10 and a 12 month high of $109.70.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. During the same period in the previous year, the firm posted $0.51 EPS. On average, analysts anticipate that Entergy will post 7.22 earnings per share for the current fiscal year.

Insider Transactions at Entergy

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Leeward Investments LLC MA lifted its position in shares of Entergy by 4.0% during the 1st quarter. Leeward Investments LLC MA now owns 129,619 shares of the utilities provider’s stock valued at $13,698,000 after acquiring an additional 4,973 shares during the period. Norden Group LLC bought a new stake in Entergy during the 1st quarter valued at $3,298,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Entergy by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 511,645 shares of the utilities provider’s stock valued at $54,071,000 after purchasing an additional 1,992 shares in the last quarter. LVW Advisors LLC increased its stake in Entergy by 22.7% during the 1st quarter. LVW Advisors LLC now owns 2,425 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 448 shares in the last quarter. Finally, Citizens Business Bank increased its stake in Entergy by 10.2% during the 1st quarter. Citizens Business Bank now owns 3,285 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 303 shares in the last quarter. 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.