BMO Capital Markets Issues Pessimistic Forecast for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR) had its target price decreased by BMO Capital Markets from $166.00 to $159.00 in a report issued on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the utilities provider’s stock.

Several other analysts also recently issued reports on the stock. Mizuho lifted their price target on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Scotiabank lifted their price objective on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $116.00 to $150.00 in a report on Monday, November 4th. Finally, UBS Group lifted their price objective on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.42.

Entergy Stock Up 0.5 %

Entergy stock opened at $150.71 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. Entergy has a 52-week low of $96.15 and a 52-week high of $156.85. The firm has a 50 day moving average price of $136.69 and a two-hundred day moving average price of $120.99. The firm has a market cap of $32.31 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.49 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter last year, the business earned $3.27 EPS. Equities analysts predict that Entergy will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Wednesday, November 13th. Entergy’s payout ratio is currently 58.47%.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of Entergy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total transaction of $616,090.02. Following the completion of the transaction, the insider now owns 2,016 shares of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eliecer Viamontes sold 200 shares of Entergy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the transaction, the insider now directly owns 4,173 shares of the company’s stock, valued at $613,431. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,472 shares of company stock worth $5,076,328. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the third quarter worth about $27,000. Fortitude Family Office LLC grew its holdings in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in Entergy in the third quarter worth approximately $29,000. Iron Horse Wealth Management LLC purchased a new stake in Entergy in the second quarter worth approximately $25,000. Finally, Coastline Trust Co purchased a new stake in Entergy in the third quarter worth approximately $31,000. Hedge funds and other institutional investors 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.