KeyCorp Issues Positive Forecast for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR - Free Report) had its price objective upped by KeyCorp from $85.00 to $88.00 in a report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the utilities provider's stock.

Several other research analysts have also recently issued reports on ETR. Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Barclays cut their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. UBS Group raised their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. raised their target price on Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Morgan Stanley cut their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Six 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.46.

Entergy Stock Performance

Shares of ETR stock traded up $1.02 during trading on Wednesday, reaching $84.57. 3,137,964 shares of the company's stock traded hands, compared to its average volume of 3,560,035. The company has a market capitalization of $36.43 billion, a P/E ratio of 27.46, a PEG ratio of 2.26 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. The firm's 50-day moving average is $82.19 and its 200 day moving average is $82.21. Entergy has a 1 year low of $54.23 and a 1 year high of $88.38.

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, 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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the company posted $0.54 EPS. Equities research analysts expect that Entergy will post 3.88 EPS for the current year.

Hedge Funds Weigh In On Entergy

Hedge funds have recently bought and sold shares of the company. Mattson Financial Services LLC lifted its position in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Entergy during the first quarter valued at $28,000. Atwood & Palmer Inc. lifted its holdings in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. Grove Bank & Trust lifted 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 purchasing an additional 230 shares in the last quarter. Finally, Sandy Spring Bank lifted its holdings in shares of Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

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.