Entergy (NYSE:ETR) PT Set at $97.00 by Mizuho

Entergy (NYSE:ETR) received a $97.00 target price from investment analysts at Mizuho in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price objective indicates a potential upside of 8.08% from the company’s current price.

ETR has been the topic of a number of other reports. KeyCorp lifted their target price on Entergy from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price objective on Entergy from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Barclays cut their target price on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Morgan Stanley decreased their price target on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Finally, Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They set a “market perform” rating for the company. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.07.

Entergy Stock Performance

ETR opened at $89.75 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.55 and a current ratio of 0.80. The company has a market cap of $38.66 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The stock has a 50-day moving average of $83.55 and a 200-day moving average of $83.18. Entergy has a 52-week low of $57.58 and a 52-week high of $91.46.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the previous year, the firm earned $1.92 EPS. As a group, equities research analysts forecast that Entergy will post 3.88 earnings per share for the current fiscal year.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its stake in Entergy by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after buying an additional 118 shares during the period. My Legacy Advisors LLC raised its position in shares of Entergy by 0.8% during the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock worth $1,361,000 after purchasing an additional 128 shares during the period. Acropolis Investment Management LLC lifted its holdings in shares of Entergy by 0.7% during the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after purchasing an additional 129 shares in the last quarter. New Hampshire Trust grew its position in shares of Entergy by 3.6% in the 2nd quarter. New Hampshire Trust now owns 4,103 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 141 shares during the period. Finally, Gen Wealth Partners Inc increased its stake in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds 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.