Entergy (NYSE:ETR - Get Free Report) had its target price decreased by equities researchers at Morgan Stanley from $82.00 to $81.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price suggests a potential downside of 0.09% from the stock's current price.
A number of other research analysts have also recently commented on the company. Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. UBS Group increased their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Wednesday, May 14th. Six equities research 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $86.25.
View Our Latest Stock Report on Entergy
Entergy Stock Performance
NYSE:ETR traded up $0.10 during mid-day trading on Wednesday, reaching $81.08. 755,913 shares of the company's stock were exchanged, compared to its average volume of 3,574,144. Entergy has a one year low of $52.07 and a one year high of $88.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. The business's fifty day simple moving average is $82.67 and its two-hundred day simple moving average is $81.26. The firm has a market capitalization of $34.93 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.23 and a beta of 0.59.
Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period in the previous year, the business earned $0.54 earnings per share. Analysts anticipate that Entergy will post 3.88 earnings per share for the current fiscal year.
Institutional Trading of Entergy
Several institutional investors have recently modified their holdings of the business. Fortis Group Advisors LLC grew its position in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after buying an additional 172 shares during the last quarter. NBT Bank N A NY boosted its holdings in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Mattson Financial Services LLC boosted its holdings in Entergy by 100.0% in the first 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 during the last quarter. Duncker Streett & Co. Inc. increased its position in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Finally, Sandy Spring Bank raised its holdings in Entergy by 100.0% during 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 last quarter. Institutional investors own 88.07% of the company's stock.
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
