Entergy (NYSE:ETR) Price Target Cut to $104.00 by Analysts at Scotiabank

Entergy (NYSE:ETR) had its target price cut by Scotiabank from $111.00 to $104.00 in a research report report published on Monday, Benzinga reports. They currently have a sector perform rating on the utilities provider’s stock.

A number of other research firms have also issued reports on ETR. KeyCorp boosted their target price on shares of Entergy from $108.00 to $112.00 and gave the company an overweight rating in a research note on Friday. BMO Capital Markets boosted their price target on shares of Entergy from $110.00 to $113.00 and gave the stock an outperform rating in a research report on Monday, February 26th. Royal Bank of Canada restated an outperform rating and set a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. Finally, Barclays dropped their price target on shares of Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $109.45.

Entergy Trading Up 0.6 %

Entergy stock opened at $107.45 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 firm has a 50-day moving average price of $102.79 and a two-hundred day moving average price of $100.38. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 2.11 and a beta of 0.71. Entergy has a 52-week low of $87.10 and a 52-week high of $109.53.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be issued 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 dividend yield of 4.21%. Entergy’s payout ratio is currently 40.76%.

Insider Buying and Selling

In related news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $151,845.00. Following the sale, the insider now 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 worth $1,226,685 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Entergy by 157.1% during the third 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 period. Tidemark LLC acquired a new stake in shares of Entergy during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy during the third quarter valued at approximately $32,000. Fortis Group Advisors LLC purchased a new position in Entergy during the third quarter valued at approximately $32,000. Finally, OLD Point Trust & Financial Services N A purchased a new position in Entergy during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.