Entergy (NYSE:ETR) had its target price raised by stock analysts at Morgan Stanley from $112.00 to $116.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would indicate a potential downside of 0.55% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. UBS Group set a $115.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. raised shares of Entergy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $105.00 to $116.00 in a report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.44.
ETR stock traded down $0.45 during midday trading on Wednesday, hitting $116.64. The company’s stock had a trading volume of 5,818 shares, compared to its average volume of 1,301,905. The firm has a market capitalization of $22.91 billion, a P/E ratio of 15.97, a PEG ratio of 3.13 and a beta of 0.28. The firm has a 50-day simple moving average of $111.58 and a 200-day simple moving average of $101.97. Entergy has a 52-week low of $78.99 and a 52-week high of $117.49. The company has a quick ratio of 0.52, a current ratio of 0.73 and a debt-to-equity ratio of 1.76.
In other Entergy news, COO Paul D. Hinnenkamp sold 11,000 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 2,250 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $105.00, for a total transaction of $236,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,939 shares of company stock valued at $8,896,045. Company insiders own 0.27% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in Entergy by 4.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,777 shares of the utilities provider’s stock worth $266,000 after acquiring an additional 110 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Entergy by 40.5% in the 1st quarter. Keybank National Association OH now owns 7,208 shares of the utilities provider’s stock valued at $689,000 after buying an additional 2,077 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Entergy by 4.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,915 shares of the utilities provider’s stock valued at $1,618,000 after buying an additional 751 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in shares of Entergy by 13.5% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,057 shares of the utilities provider’s stock valued at $292,000 after buying an additional 363 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Entergy in the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.
Entergy Company Profile
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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