Analysts Set Entergy Co. (NYSE:ETR) Price Target at $113.50

Shares of Entergy Co. (NYSE:ETR) have been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $113.42.

ETR has been the subject of several analyst reports. Mizuho boosted their price objective on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. Morgan Stanley lowered their price objective on Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a research report on Monday, June 24th. Scotiabank cut their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. KeyCorp increased their price target on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, LADENBURG THALM/SH SH reaffirmed a “neutral” rating and issued a $109.50 price objective (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tidemark LLC acquired a new position in Entergy during the 4th quarter worth about $25,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Entergy during the second quarter worth about $25,000. Heritage Wealth Advisors boosted its stake in shares of 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 period. TruNorth Capital Management LLC purchased a new position in shares of Entergy in the second quarter valued at approximately $32,000. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Entergy in the fourth quarter valued at approximately $35,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

ETR opened at $111.04 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. Entergy has a 12-month low of $87.10 and a 12-month high of $114.28. The firm has a 50 day moving average of $108.54 and a two-hundred day moving average of $105.00. The firm has a market capitalization of $23.71 billion, a PE ratio of 11.14, a P/E/G ratio of 2.09 and a beta of 0.71.

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

Entergy Company Profile

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.