Entergy (NYSE:ETR) Given a $42.00 Price Target by Barclays Analysts

Entergy (NYSE:ETRGet Rating) has been given a $42.00 price target by investment analysts at Barclays in a report released on Monday, Stock Target Advisor reports. Barclays‘s target price points to a potential downside of 64.39% from the stock’s previous close.

A number of other research firms also recently issued reports on ETR. The Goldman Sachs Group set a $224.00 target price on Entergy in a research report on Monday. Credit Suisse Group initiated coverage on Entergy in a research report on Monday, April 25th. They issued an “outperform” rating and a $136.00 price target for the company. StockNews.com initiated coverage on Entergy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley lifted their price target on Entergy from $106.00 to $115.00 and gave the company an “underweight” rating in a research report on Wednesday, April 20th. Finally, Wells Fargo & Company lifted their price target on Entergy from $120.00 to $135.00 in a research report on Monday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $133.27.

Entergy stock traded up $0.76 during mid-day trading on Monday, reaching $117.93. 26,605 shares of the company’s stock were exchanged, compared to its average volume of 1,232,697. The business’s fifty day simple moving average is $117.50 and its 200 day simple moving average is $110.93. The firm has a market capitalization of $23.98 billion, a PE ratio of 22.51, a P/E/G ratio of 3.05 and a beta of 0.58. Entergy has a one year low of $98.50 and a one year high of $126.82. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 2.24.

Entergy (NYSE:ETRGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The utilities provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Entergy had a return on equity of 10.44% and a net margin of 8.99%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.47 earnings per share. On average, sell-side analysts forecast that Entergy will post 6.34 earnings per share for the current year.

In other news, CFO Andrew S. Marsh sold 1,300 shares of the business’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $115.02, for a total value of $149,526.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Haley Fisackerly sold 750 shares of the business’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $105.42, for a total value of $79,065.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,575 shares of company stock valued at $25,391,762. Corporate insiders own 0.37% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETR. CNB Bank bought a new position in Entergy during the 1st quarter valued at approximately $27,000. Fairfield Bush & CO. bought a new position in Entergy during the 1st quarter valued at approximately $29,000. Sandy Cove Advisors LLC purchased a new position in shares of Entergy during the 4th quarter worth approximately $29,000. GW&K Investment Management LLC purchased a new position in shares of Entergy during the 1st quarter worth approximately $32,000. Finally, Riverview Trust Co purchased a new position in shares of Entergy during the 1st quarter worth approximately $32,000. 88.94% of the stock is owned by institutional investors.

Entergy Company Profile (Get Rating)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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