Entergy (NYSE:ETR) Price Target Increased to $130.00 by Analysts at KeyCorp

Entergy (NYSE:ETR) had its price target boosted by KeyCorp from $123.00 to $130.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective indicates a potential upside of 0.71% from the stock’s previous close.

A number of other brokerages have also issued reports on ETR. Morgan Stanley raised their target price on Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. Scotiabank raised their price objective on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Mizuho upped their target price on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. increased their price target on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Finally, BMO Capital Markets lifted their price objective on shares of Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.35.

Entergy Price Performance

Shares of ETR stock opened at $129.08 on Monday. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The stock’s 50-day simple moving average is $117.28 and its 200-day simple moving average is $110.37. Entergy has a fifty-two week low of $87.10 and a fifty-two week high of $129.66.

Entergy (NYSE:ETR) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the previous year, the firm earned $1.84 EPS. As a group, equities analysts forecast that Entergy will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction on Monday, August 5th. The shares were 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 of the company’s stock, valued at $18,307,787.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at approximately $4,288,742.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,888 shares of company stock valued at $5,110,766. Corporate insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

Large investors have recently added to or reduced their stakes in the stock. Tidemark LLC purchased a new stake in shares of Entergy during the fourth quarter worth about $25,000. Iron Horse Wealth Management LLC acquired a new stake in Entergy in the 2nd quarter worth about $25,000. Heritage Wealth Advisors increased its stake in Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after buying an additional 239 shares in the last quarter. American National Bank raised its holdings in shares of Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in shares of Entergy in the second quarter valued at approximately $32,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.