Entergy (NYSE:ETR) Raised to Overweight at Barclays

Entergy (NYSE:ETR) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, Briefing.com reports. The firm currently has a $138.00 price target on the utilities provider’s stock, up from their previous price target of $115.00. Barclays‘s target price would suggest a potential upside of 7.43% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. KeyCorp raised their price objective on Entergy from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Monday. Mizuho boosted their target price on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 price target (down from $117.00) on shares of Entergy in a report on Wednesday, June 12th. JPMorgan Chase & Co. raised their target price on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Finally, Guggenheim boosted their price target on shares of Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.35.

Entergy Stock Performance

Shares of ETR stock opened at $128.46 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market cap of $27.47 billion, a P/E ratio of 12.88, a P/E/G ratio of 2.31 and a beta of 0.73. Entergy has a one year low of $87.10 and a one year high of $128.92. The company has a fifty day moving average price of $116.80 and a two-hundred day moving average price of $110.17.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 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 business posted $1.84 earnings per share. As a group, equities analysts predict that Entergy will post 7.22 EPS for the current year.

Insider Activity at Entergy

In related news, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,140,475.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now owns 34,993 shares in the company, valued at $4,288,742.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,888 shares of company stock worth $5,110,766. 0.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Entergy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETR. Iron Horse Wealth Management LLC bought a new position in Entergy in the second quarter worth approximately $25,000. Tidemark LLC acquired a new stake in shares of Entergy in the fourth quarter worth $25,000. Heritage Wealth Advisors grew its position in Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares during the period. American National Bank raised its position in Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in shares of Entergy during the 2nd quarter valued at approximately $32,000. Institutional investors own 88.07% of the company’s stock.

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.