Entergy (NYSE:ETR) Price Target Increased to $140.00 by Analysts at KeyCorp

Entergy (NYSE:ETR) had its price target raised by KeyCorp from $130.00 to $140.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

ETR has been the topic of a number of other research reports. Morgan Stanley increased their price objective on Entergy from $109.00 to $115.00 and gave the stock an underweight rating in a report on Wednesday, September 25th. Wells Fargo & Company raised their price target on shares of Entergy from $125.00 to $137.00 and gave the company an overweight rating in a report on Friday, August 2nd. Guggenheim upped their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a buy rating in a report on Friday, August 2nd. UBS Group boosted their price target on Entergy from $143.00 to $144.00 and gave the stock a buy rating in a research report on Friday, September 20th. Finally, Barclays raised Entergy from an equal weight rating to an overweight rating and increased their price objective for the company from $115.00 to $138.00 in a report on Tuesday, September 17th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $128.58.

Entergy Stock Up 0.4 %

Entergy stock opened at $131.61 on Monday. The firm’s 50 day moving average price is $121.00 and its two-hundred day moving average price is $112.09. The firm has a market cap of $28.10 billion, a PE ratio of 13.20, a P/E/G ratio of 2.46 and a beta of 0.73. Entergy has a twelve month low of $87.10 and a twelve month high of $131.75. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the company earned $1.84 earnings per share. On average, research analysts predict that Entergy will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insider Activity at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the sale, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. The transaction was disclosed in a document filed with the SEC, 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 on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at $4,549,090. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock worth $6,140,626 in the last ninety days. 0.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Entergy

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in Entergy in the second quarter valued at about $3,876,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Entergy in the 2nd quarter valued at approximately $42,000. Clearbridge Investments LLC raised its holdings in shares of Entergy by 15.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,181 shares of the utilities provider’s stock worth $340,000 after buying an additional 427 shares in the last quarter. Truist Financial Corp boosted its stake in Entergy by 42.0% in the 2nd quarter. Truist Financial Corp now owns 906,795 shares of the utilities provider’s stock valued at $97,027,000 after buying an additional 268,004 shares in the last quarter. Finally, Brandes Investment Partners LP bought a new stake in Entergy in the second quarter valued at $32,017,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.