Barclays Has Lowered Expectations for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR - Get Free Report) had its price target lowered by investment analysts at Barclays from $91.00 to $87.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. Barclays's target price would suggest a potential upside of 6.47% from the company's previous close.

ETR has been the subject of several other reports. Raymond James Financial assumed coverage on shares of Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Wednesday, May 14th. UBS Group upped their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Morgan Stanley cut their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, BMO Capital Markets upped their price target on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.96.

Entergy Price Performance

NYSE:ETR traded down $0.40 during midday trading on Thursday, hitting $81.72. The company had a trading volume of 1,892,726 shares, compared to its average volume of 3,554,336. Entergy has a 52-week low of $53.39 and a 52-week high of $88.38. The stock's fifty day moving average price is $82.26 and its 200-day moving average price is $82.06. The company has a market capitalization of $35.20 billion, a PE ratio of 26.53, a P/E/G ratio of 2.24 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, research analysts expect that Entergy will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently bought and sold shares of ETR. My Legacy Advisors LLC boosted its stake in shares of Entergy by 0.8% during the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider's stock worth $1,361,000 after acquiring an additional 128 shares during the last quarter. Acropolis Investment Management LLC boosted its stake 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 worth $1,535,000 after acquiring an additional 129 shares during the last quarter. Gen Wealth Partners Inc boosted its stake in shares of 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 acquiring an additional 144 shares during the last quarter. Mattson Financial Services LLC boosted its stake in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of Entergy by 18.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock worth $90,000 after acquiring an additional 165 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

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.