Entergy (NYSE:ETR) Given New $166.00 Price Target at BMO Capital Markets

by · The Cerbat Gem

Entergy (NYSE:ETR – Get Free Report) had its price objective upped by analysts at BMO Capital Markets from $146.00 to $166.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 11.06% from the stock’s previous close.

Other analysts have also issued research reports about the company. Barclays decreased their price objective on Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. KeyCorp raised their price target on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America boosted their price objective on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Royal Bank of Canada raised their target price on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Argus upgraded Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.58.

View Our Latest Stock Analysis on ETR

Entergy Stock Performance

ETR traded down $5.31 during trading on Friday, reaching $149.47. The company’s stock had a trading volume of 1,015,090 shares, compared to its average volume of 1,585,402. The company has a market capitalization of $31.96 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74. The company’s fifty day moving average price is $129.20 and its 200-day moving average price is $116.82. Entergy has a 52-week low of $94.85 and a 52-week high of $156.85. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94.

Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the previous year, the firm earned $3.27 earnings per share. On average, equities analysts forecast that Entergy will post 7.21 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the sale, the chief operating officer now owns 34,993 shares in the company, valued at $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,140,475.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,810 shares of company stock worth $6,140,626. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Entergy

A number of institutional investors have recently bought and sold shares of ETR. State Board of Administration of Florida Retirement System raised its holdings in shares of Entergy by 6.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after acquiring an additional 13,882 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Entergy by 55.4% in the first quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock valued at $1,571,000 after purchasing an additional 5,303 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Entergy during the first quarter worth about $1,245,000. Cetera Advisors LLC grew its holdings in shares of Entergy by 145.2% during the first quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock worth $2,551,000 after buying an additional 14,293 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Entergy by 17.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 41,605 shares of the utilities provider’s stock valued at $4,397,000 after acquiring an additional 6,197 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Company Profile

(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.

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