Entergy (NYSE:ETR) had its target price boosted by stock analysts at Bank of America from $125.00 to $128.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the utilities provider’s stock. Bank of America‘s price target indicates a potential upside of 9.66% from the company’s current price.
ETR has been the topic of a number of other research reports. Morgan Stanley increased their price target on shares of Entergy from $112.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Citigroup lifted their price objective on shares of Entergy from $109.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. They noted that the move was a valuation call. KeyCorp lifted their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. UBS Group lowered shares of Entergy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $115.00 to $126.00 in a research report on Thursday, October 31st. Finally, ValuEngine cut Entergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Entergy presently has an average rating of “Buy” and a consensus target price of $116.30.
NYSE:ETR opened at $116.72 on Tuesday. The stock has a market cap of $23.17 billion, a P/E ratio of 15.97, a PEG ratio of 3.13 and a beta of 0.26. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.69. The business’s 50-day moving average price is $117.36 and its two-hundred day moving average price is $109.65. Entergy has a twelve month low of $82.06 and a twelve month high of $122.09.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $2.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.23. The company had revenue of $36.72 billion during the quarter, compared to analyst estimates of $3.42 billion. Entergy had a return on equity of 11.13% and a net margin of 7.38%. Entergy’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.77 earnings per share. On average, equities research analysts expect that Entergy will post 5.31 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont lifted its stake in Entergy by 14.0% in the third quarter. Trust Co. of Vermont now owns 690 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 85 shares during the last quarter. AGF Investments LLC boosted its holdings in shares of Entergy by 22.3% during the 2nd quarter. AGF Investments LLC now owns 548 shares of the utilities provider’s stock valued at $56,000 after buying an additional 100 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Entergy by 4.1% during the 3rd quarter. Prospera Financial Services Inc now owns 2,551 shares of the utilities provider’s stock valued at $299,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Entergy by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the utilities provider’s stock worth $1,127,000 after buying an additional 100 shares during the period. Finally, BB&T Securities LLC grew its position in shares of Entergy by 1.7% in the 3rd quarter. BB&T Securities LLC now owns 5,990 shares of the utilities provider’s stock worth $704,000 after buying an additional 103 shares during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.
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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