Entergy (NYSE:ETR) PT Lowered to $114.00 at Credit Suisse Group

Entergy (NYSE:ETRGet Rating) had its target price dropped by stock analysts at Credit Suisse Group from $136.00 to $114.00 in a research note issued to investors on Tuesday, The Fly reports. Credit Suisse Group’s target price indicates a potential upside of 11.26% from the stock’s current price.

Several other brokerages have also recently weighed in on ETR. Baader Bank set a $188.00 price objective on Entergy in a report on Wednesday, May 18th. The Goldman Sachs Group set a $224.00 price target on Entergy in a research note on Monday, May 16th. Hauck Aufhäuser In… set a $28.00 price target on Entergy in a research note on Wednesday, May 18th. Wells Fargo & Company lowered their price target on Entergy from $140.00 to $125.00 in a research note on Tuesday. Finally, Barclays set a $42.00 price target on Entergy in a research note on Monday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Hold” and an average price target of $121.50.

Shares of NYSE:ETR opened at $102.46 on Tuesday. The stock has a market capitalization of $20.84 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.66 and a beta of 0.58. Entergy has a 1-year low of $98.50 and a 1-year high of $126.82. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 2.24. The business has a 50-day moving average price of $118.27 and a two-hundred day moving average price of $113.12.

Entergy (NYSE:ETRGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The utilities provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.06). The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.90 billion. Entergy had a return on equity of 10.44% and a net margin of 8.99%. During the same period in the prior year, the firm posted $1.47 earnings per share. As a group, equities analysts predict that Entergy will post 6.34 EPS for the current year.

In other Entergy news, insider Deanna D. Rodriguez sold 256 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $120.22, for a total transaction of $30,776.32. Following the completion of the transaction, the insider now owns 3,108 shares of the company’s stock, valued at approximately $373,643.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Paul D. Hinnenkamp sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $120.94, for a total value of $786,110.00. Following the transaction, the chief operating officer now directly owns 26,102 shares of the company’s stock, valued at approximately $3,156,775.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 205,290 shares of company stock valued at $24,337,828. 0.37% of the stock is owned by company insiders.

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