Entergy (NYSE:ETR) Price Target Raised to $93.00

Entergy (NYSE:ETR) had its price objective hoisted by BMO Capital Markets from $89.00 to $93.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Wells Fargo & Company increased their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, Scotiabank lowered their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $85.75.

Entergy Stock Performance

Shares of NYSE:ETR opened at $84.47 on Wednesday. The business’s 50-day simple moving average is $83.33 and its 200 day simple moving average is $79.02. The company has a market cap of $36.39 billion, a P/E ratio of 34.69, a PEG ratio of 2.34 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy has a one year low of $52.07 and a one year high of $88.38.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted $0.54 EPS. On average, sell-side analysts forecast that Entergy will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Hedge Funds Weigh In On Entergy

Large investors have recently made changes to their positions in the business. Fortis Group Advisors LLC raised its position in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. NBT Bank N A NY raised its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after buying an additional 170 shares during the period. Duncker Streett & Co. Inc. lifted its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank boosted its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the period. Finally, Glen Eagle Advisors LLC increased its position in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 180 shares in the last quarter. Institutional investors 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.