Entergy (NYSE:ETR - Get Free Report) was upgraded by equities research analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a $85.00 target price on the utilities provider's stock. KeyCorp's price target points to a potential upside of 5.08% from the stock's previous close.
Several other equities research analysts have also issued reports on the company. UBS Group lifted their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research report on Thursday, January 30th. Evercore ISI increased their target price on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Barclays increased their price target on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.04.
View Our Latest Stock Report on ETR
Entergy Trading Down 0.5%
ETR opened at $80.89 on Wednesday. The company's 50 day moving average is $83.00 and its 200-day moving average is $79.84. The company has a market cap of $34.85 billion, a P/E ratio of 33.22, a PEG ratio of 2.34 and a beta of 0.62. Entergy has a 1-year low of $52.07 and a 1-year high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.
Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities research analysts predict that Entergy will post 3.88 earnings per share for the current fiscal year.
Institutional Trading of Entergy
A number of large investors have recently made changes to their positions in ETR. Legacy Financial Advisors Inc. grew its position in Entergy by 60.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Entergy in the 4th quarter valued at about $4,393,000. Flagship Harbor Advisors LLC raised its holdings in Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock valued at $603,000 after acquiring an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC purchased a new position in shares of Entergy during the 4th quarter worth about $217,000. Finally, Bank of Montreal Can boosted its holdings in Entergy by 74.3% in the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after acquiring an additional 286,005 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
About Entergy
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Entergy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Entergy wasn't on the list.
While Entergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
