Entergy (NYSE:ETR) had its price target lifted by JPMorgan Chase from $78.00 to $81.00 in a report released on Tuesday. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase’s target price points to a potential upside of 3.25% from the company’s previous close.
ETR has been the subject of several other research reports. Guggenheim reiterated a “buy” rating and issued a $101.00 price objective on shares of Entergy in a research report on Wednesday, January 3rd. Morgan Stanley lifted their price objective on Entergy from $86.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. UBS began coverage on Entergy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $82.00 price objective for the company. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Tuesday, December 12th. Finally, Wells Fargo reiterated an “outperform” rating and issued a $90.00 price objective (down previously from $96.00) on shares of Entergy in a research report on Monday, February 26th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.33.
Shares of ETR opened at $78.45 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.79. Entergy has a 52-week low of $71.95 and a 52-week high of $87.95. The firm has a market capitalization of $14,192.28, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 2.01 and a beta of 0.47.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.34. Entergy had a return on equity of 15.79% and a net margin of 3.81%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted $0.31 EPS. equities research analysts forecast that Entergy will post 5.58 earnings per share for the current year.
In related news, insider Haley Fisackerly sold 500 shares of Entergy stock in a transaction on Monday, March 5th. The stock was sold at an average price of $78.02, for a total transaction of $39,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alyson M. Mount sold 10,396 shares of Entergy stock in a transaction on Monday, March 5th. The stock was sold at an average price of $78.50, for a total value of $816,086.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Entergy by 2.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 56,160 shares of the utilities provider’s stock worth $4,571,000 after purchasing an additional 1,194 shares during the period. Colonial Trust Advisors acquired a new stake in shares of Entergy during the fourth quarter worth $256,000. Xact Kapitalforvaltning AB grew its stake in shares of Entergy by 20.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 17,367 shares of the utilities provider’s stock worth $1,414,000 after purchasing an additional 2,915 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Entergy by 414.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 42,088 shares of the utilities provider’s stock worth $3,426,000 after purchasing an additional 33,913 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Entergy by 124.0% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 153,251 shares of the utilities provider’s stock worth $12,473,000 after purchasing an additional 84,826 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.
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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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