Entergy (NYSE:ETR) had its price objective raised by Morgan Stanley from $104.00 to $105.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 8.16% from the company’s current price.
A number of other brokerages have also issued reports on ETR. Macquarie set a $100.00 target price on shares of Entergy and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered shares of Entergy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $91.00 target price on shares of Entergy in a research report on Wednesday, January 23rd. Wells Fargo & Co boosted their target price on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Finally, ValuEngine raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $93.50.
Shares of NYSE:ETR traded up $0.79 during trading on Thursday, reaching $97.08. The stock had a trading volume of 8,629 shares, compared to its average volume of 1,463,370. Entergy has a 52 week low of $75.45 and a 52 week high of $97.62. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 2.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.91.
Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.12). Entergy had a net margin of 9.04% and a return on equity of 15.17%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the business earned $0.83 EPS. Research analysts predict that Entergy will post 5.28 EPS for the current fiscal year.
In other Entergy news, COO Paul D. Hinnenkamp sold 6,600 shares of Entergy stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $92.37, for a total transaction of $609,642.00. Following the sale, the chief operating officer now owns 38,848 shares in the company, valued at $3,588,389.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $92.59, for a total transaction of $138,885.00. Following the sale, the insider now owns 2,434 shares in the company, valued at approximately $225,364.06. The disclosure for this sale can be found here. Insiders have sold 98,383 shares of company stock worth $9,419,438 in the last quarter. Corporate insiders own 0.27% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Aspire Private Capital LLC acquired a new stake in shares of Entergy in the 4th quarter valued at $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Entergy in the 4th quarter valued at $27,000. American Research & Management Co. acquired a new stake in shares of Entergy in the 1st quarter valued at $30,000. Investec Asset Management PTY Ltd acquired a new stake in shares of Entergy in the 4th quarter valued at $37,000. Finally, CWM LLC boosted its stake in shares of Entergy by 176.4% in the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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