Entergy (NYSE:ETR) Price Target Raised to $152.00

Entergy (NYSE:ETR) had its price objective boosted by stock analysts at Barclays from $137.00 to $152.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price would suggest a potential upside of 6.97% from the company’s previous close.

A number of other analysts have also recently commented on the company. BMO Capital Markets boosted their price target on Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company increased their target price on Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday. Guggenheim lifted their price target on Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada upped their price target on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Mizuho lifted their target price on shares of Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong 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 $150.96.

Entergy Price Performance

Shares of NYSE ETR opened at $142.09 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy has a 1 year low of $94.85 and a 1 year high of $156.85. The company’s 50-day moving average is $130.18 and its 200 day moving average is $117.60. The stock has a market capitalization of $30.38 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.74 and a beta of 0.71.

Entergy (NYSE:ETR) last announced its 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. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the company earned $3.27 EPS. On average, sell-side analysts expect that Entergy will post 7.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,092,241.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,610 shares of company stock valued at $5,751,954. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank & Trust Co increased its holdings in Entergy by 12.8% in the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 90 shares in the last quarter. Prossimo Advisors LLC increased its stake in shares of Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after purchasing an additional 90 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of Entergy by 2.3% during the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 92 shares during the period. Alliance Wealth Advisors LLC lifted its stake in shares of Entergy by 3.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after buying an additional 92 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Entergy by 5.4% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 95 shares during the period. Institutional investors 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.