Entergy (NYSE:ETR) Given New $87.00 Price Target at Barclays

Entergy (NYSE:ETR - Get Free Report) had its target price lowered by research analysts at Barclays from $91.00 to $87.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's price objective would suggest a potential upside of 5.90% from the stock's current price.

Several other equities analysts have also commented on the company. Morgan Stanley decreased their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Wednesday, May 14th. Finally, BMO Capital Markets upped their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.96.

Entergy Trading Up 0.8%

NYSE ETR traded up $0.69 on Thursday, reaching $82.15. 1,675,974 shares of the company were exchanged, compared to its average volume of 3,557,853. The business's fifty day moving average price is $82.31 and its 200 day moving average price is $82.02. The stock has a market capitalization of $35.39 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.22 and a beta of 0.59. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. Entergy has a fifty-two week low of $53.14 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the previous year, the company posted $0.54 earnings per share. Analysts forecast that Entergy will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Entergy

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after purchasing an additional 2,695,348 shares during the period. Bank of America Corp DE increased its holdings in Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after purchasing an additional 10,347,926 shares during the period. Ameriprise Financial Inc. increased its holdings in Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock worth $1,126,244,000 after purchasing an additional 289,468 shares during the period. FMR LLC increased its holdings in Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after purchasing an additional 4,418,528 shares during the period. Hedge funds and other 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.