Entergy (NYSE:ETR) Price Target Raised to $165.00

Entergy (NYSE:ETR) had its price target boosted by Mizuho from $138.00 to $165.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

A number of other research firms also recently issued reports on ETR. Barclays lowered their target price on Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. KeyCorp boosted their price target on Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets increased their price objective on Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $116.00 to $150.00 in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Entergy Trading Down 0.1 %

NYSE ETR opened at $145.96 on Monday. The stock has a market capitalization of $31.30 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.69 and a beta of 0.71. Entergy has a 52 week low of $94.85 and a 52 week high of $156.85. The stock’s 50 day moving average price is $131.25 and its two-hundred day moving average price is $118.08. 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 (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The business had revenue of $3.39 billion for 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 in the previous year, the firm posted $3.27 earnings per share. As a group, analysts anticipate that Entergy will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is presently 55.05%.

Insider Activity at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 34,993 shares in the company, valued at $4,288,742.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the firm’s 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total value 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 $4,288,742.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,338 shares of company stock worth $4,460,238 in the last ninety days. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Norden Group LLC acquired a new stake in Entergy during the first quarter worth about $204,000. Private Advisor Group LLC boosted its position in shares of Entergy by 32.1% during the 1st quarter. Private Advisor Group LLC now owns 6,195 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 1,505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Entergy by 4.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,366 shares of the utilities provider’s stock valued at $4,042,000 after acquiring an additional 1,634 shares during the last quarter. BNP Paribas Financial Markets raised its position in Entergy by 49.3% during the first quarter. BNP Paribas Financial Markets now owns 238,527 shares of the utilities provider’s stock valued at $25,208,000 after purchasing an additional 78,805 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Entergy by 2.1% during the first quarter. Janney Montgomery Scott LLC now owns 115,366 shares of the utilities provider’s stock worth $12,192,000 after purchasing an additional 2,356 shares during the last quarter. 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.