Entergy (NYSE:ETR) Given New $107.00 Price Target at Barclays

Entergy (NYSE:ETR) had its price target reduced by Barclays from $108.00 to $107.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

ETR has been the subject of several other reports. Royal Bank of Canada reiterated an outperform rating and set a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. BMO Capital Markets boosted their price objective on Entergy from $110.00 to $113.00 and gave the stock an outperform rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $109.78.

Entergy Stock Performance

Shares of ETR stock opened at $102.29 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. The business has a 50 day moving average of $102.20 and a two-hundred day moving average of $99.90. Entergy has a 52 week low of $87.10 and a 52 week high of $109.85. The company has a market cap of $21.81 billion, a P/E ratio of 9.22, a PEG ratio of 2.03 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, analysts anticipate that Entergy will post 7.22 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.42%. Entergy’s dividend payout ratio (DPR) is 40.76%.

Insiders Place Their Bets

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now owns 3,442 shares of the company’s stock, valued at $348,433.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $1,226,685 over the last ninety days. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Several large investors have recently added to or reduced their stakes in ETR. Commonwealth Equity Services LLC increased its stake in shares of Entergy by 1.2% in the third quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock worth $3,537,000 after acquiring an additional 467 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of Entergy by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock worth $60,273,000 after acquiring an additional 9,696 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of Entergy by 28.9% in the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after acquiring an additional 35,718 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Entergy by 464.4% in the third quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock worth $1,114,000 after acquiring an additional 9,910 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Entergy by 10,063.5% in the fourth quarter. International Assets Investment Management LLC now owns 236,810 shares of the utilities provider’s stock worth $239,630,000 after purchasing an additional 234,480 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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.