Entergy (NYSE:ETR) PT Raised to $112.00

Entergy (NYSE:ETR) had its target price upped by equities researchers at KeyCorp from $108.00 to $112.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective would indicate a potential upside of 4.90% from the company’s current price.

ETR has been the topic of a number of other reports. BMO Capital Markets boosted their price target on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Barclays lowered their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Entergy Stock Up 2.9 %

ETR stock opened at $106.77 on Friday. Entergy has a twelve month low of $87.10 and a twelve month high of $109.70. 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 stock has a market cap of $22.77 billion, a P/E ratio of 9.63, a PEG ratio of 2.05 and a beta of 0.71. The business’s 50-day moving average price is $102.62 and its 200-day moving average price is $100.20.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share 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 firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities research analysts forecast that Entergy will post 7.22 EPS for the current year.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $1,226,685 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

Several large investors have recently modified their holdings of ETR. EverSource Wealth Advisors LLC grew its position in Entergy by 157.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 165 shares during the last quarter. Tidemark LLC bought a new position in Entergy in the 4th quarter valued at $25,000. Fairfield Bush & CO. bought a new position in Entergy in the 1st quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Entergy in the 3rd quarter valued at $32,000. Finally, Fortis Group Advisors LLC bought a new position in Entergy in the 3rd quarter valued at $32,000. 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.