Entergy (NYSE:ETR - Get Free Report) had its price target upped by research analysts at Bank of America from $88.00 to $97.00 in a report released on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. Bank of America's price target points to a potential downside of 0.69% from the stock's previous close.
Several other analysts also recently commented on the company. Barclays set a $100.00 target price on Entergy and gave the company an "overweight" rating in a research note on Monday, October 6th. Evercore ISI set a $98.00 target price on Entergy and gave the company an "in-line" rating in a research note on Monday, October 6th. Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. BMO Capital Markets reiterated an "outperform" rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a research note on Tuesday. Finally, Scotiabank set a $105.00 price target on Entergy and gave the company an "outperform" rating in a research note on Friday, October 3rd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average price target of $97.57.
Check Out Our Latest Stock Analysis on ETR
Entergy Stock Performance
ETR stock opened at $97.67 on Thursday. The stock has a 50-day moving average price of $90.80 and a 200-day moving average price of $85.96. Entergy has a 1-year low of $66.71 and a 1-year high of $98.58. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The firm has a market cap of $43.60 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.63 and a beta of 0.62.
Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The firm had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. As a group, equities research analysts expect that Entergy will post 3.88 earnings per share for the current year.
Insider Activity at Entergy
In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Entergy
A number of hedge funds have recently modified their holdings of the stock. Spirit of America Management Corp NY raised its holdings in shares of Entergy by 21.0% in the 3rd quarter. Spirit of America Management Corp NY now owns 30,800 shares of the utilities provider's stock worth $2,870,000 after purchasing an additional 5,350 shares during the period. Ballew Advisors Inc bought a new stake in shares of Entergy in the 3rd quarter worth approximately $214,000. World Investment Advisors raised its holdings in shares of Entergy by 269.9% in the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider's stock worth $2,086,000 after purchasing an additional 16,332 shares during the period. Brookstone Capital Management raised its holdings in shares of Entergy by 4.8% in the 3rd quarter. Brookstone Capital Management now owns 10,104 shares of the utilities provider's stock worth $942,000 after purchasing an additional 465 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of Entergy by 9.3% in the 3rd quarter. Private Trust Co. NA now owns 5,657 shares of the utilities provider's stock worth $527,000 after purchasing an additional 483 shares during the period. Institutional investors own 88.07% of the company's stock.
Entergy Company Profile
(
Get Free Report)
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.
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