BMO Capital Markets Trims Entergy (NYSE:ETR) Target Price to $117.00

Entergy (NYSE:ETRFree Report) had its price target reduced by BMO Capital Markets from $120.00 to $117.00 in a report published on Monday, Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

Other research analysts also recently issued reports about the company. KeyCorp lifted their target price on Entergy from $112.00 to $123.00 and gave the company an overweight rating in a research note on Monday, May 20th. Morgan Stanley lowered their target price on Entergy from $103.00 to $98.00 and set an underweight rating on the stock in a research note on Monday, June 24th. Scotiabank decreased their price target on Entergy from $111.00 to $104.00 and set a sector perform rating on the stock in a research note on Monday, April 22nd. Mizuho lifted their price target on Entergy from $107.00 to $114.00 and gave the company a buy rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company lifted their price target on Entergy from $122.00 to $125.00 and gave the company an overweight rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $113.50.

Read Our Latest Stock Report on Entergy

Entergy Trading Up 0.9 %

ETR opened at $105.92 on Monday. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 1.98 and a beta of 0.71. Entergy has a 52 week low of $87.10 and a 52 week high of $114.28. The business’s 50 day moving average is $108.65 and its two-hundred day moving average is $104.53. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68.

Entergy (NYSE:ETRGet Free Report) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts predict that Entergy will post 7.22 EPS for the current year.

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the transaction, the insider now directly owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the transaction, the insider now directly owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at $235,465.86. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently made changes to their positions in the stock. Tidemark LLC acquired a new position in Entergy in the fourth quarter valued at $25,000. Heritage Wealth Advisors increased its stake in Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in Entergy in the third quarter valued at $32,000. OLD Point Trust & Financial Services N A acquired a new position in Entergy in the fourth quarter valued at $35,000. Finally, CVA Family Office LLC purchased a new stake in Entergy during the fourth quarter valued at about $41,000. 88.07% of the stock is owned by institutional investors and hedge funds.

About Entergy

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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

Analyst Recommendations for Entergy (NYSE:ETR)

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