Entergy (NYSE:ETR - Get Free Report) had its price objective increased by stock analysts at BMO Capital Markets from $89.00 to $93.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' target price would suggest a potential upside of 10.10% from the company's previous close.
Other equities research analysts have also recently issued research reports about the company. Scotiabank cut their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 7th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Barclays increased their price target on Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. UBS Group lifted their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.75.
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Entergy Stock Performance
Shares of Entergy stock traded up $1.10 on Wednesday, reaching $84.47. 2,919,786 shares of the company were exchanged, compared to its average volume of 3,685,203. Entergy has a 1-year low of $52.07 and a 1-year high of $88.38. The firm has a market cap of $36.39 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company's 50-day moving average is $83.33 and its two-hundred day moving average is $79.10.
Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the business posted $0.54 earnings per share. As a group, research analysts expect that Entergy will post 3.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Entergy
A number of institutional investors and hedge funds have recently modified their holdings of the stock. NBT Bank N A NY raised its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the period. Fortis Group Advisors LLC increased its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 230 shares during the period. Duncker Streett & Co. Inc. lifted its position in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.
About Entergy
(
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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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