Entergy (NYSE:ETR) Upgraded by Scotiabank to Outperform Rating

Entergy (NYSE:ETR) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to an “outperform” rating in a report issued on Friday, Marketbeat.com reports. The firm presently has a $105.00 price target on the utilities provider’s stock. Scotiabank’s price objective would indicate a potential upside of 10.05% from the company’s current price.

Other research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Saturday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Mizuho set a $97.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $91.33.

Entergy Stock Up 2.0%

Shares of ETR stock opened at $95.41 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy has a 12 month low of $64.38 and a 12 month high of $96.61. The stock has a market cap of $42.59 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.55 and a beta of 0.62. The company has a 50 day simple moving average of $89.72 and a two-hundred day simple moving average of $85.28.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts expect that Entergy will post 3.88 earnings per share for the current year.

Insider Activity

In related news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Several hedge funds have recently modified their holdings of ETR. Mattson Financial Services LLC raised its stake in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares in the last quarter. Atwood & Palmer Inc. raised its position in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Entergy in the 1st quarter valued at about $28,000. Capital A Wealth Management LLC grew its position in Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares in the last quarter. Finally, GoalVest Advisory LLC increased its stake in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 344 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.