Entergy (NYSE:ETR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Entergy (NYSE:ETR) had its price objective upped by JPMorgan Chase & Co. from $100.00 to $102.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 22.08% from the stock’s previous close.

Several other analysts also recently weighed in on the company. KeyCorp upgraded Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research note on Wednesday, May 14th. Morgan Stanley lowered their target price on Entergy from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. Barclays lowered their price objective on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. BMO Capital Markets upped their price objective on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, UBS Group increased their target price on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.46.

Entergy Stock Up 0.8%

Shares of NYSE ETR opened at $83.56 on Tuesday. The stock has a fifty day moving average price of $82.19 and a 200 day moving average price of $82.21. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The company has a market cap of $35.99 billion, a P/E ratio of 27.13, a P/E/G ratio of 2.26 and a beta of 0.59. Entergy has a 12-month low of $54.23 and a 12-month high of $88.38.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same period last year, the firm earned $0.54 earnings per share. Research analysts anticipate that Entergy will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Entergy

A number of large investors have recently bought and sold shares of the business. Mattson Financial Services LLC raised its holdings in shares of Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares during the last quarter. Sandy Spring Bank raised its holdings in shares of Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares during the last quarter. Glen Eagle Advisors LLC raised its holdings in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after buying an additional 180 shares during the last quarter. Atwood & Palmer Inc. raised its holdings in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy during the first quarter valued at approximately $28,000. 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.