Entergy (NYSE:ETR) Price Target Raised to $123.00 at KeyCorp

Entergy (NYSE:ETRFree Report) had its price target hoisted by KeyCorp from $112.00 to $123.00 in a research note released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Several other research analysts also recently issued reports on the stock. Scotiabank dropped their price objective on shares of Entergy from $111.00 to $104.00 and set a sector perform rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada restated an outperform rating and set a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Barclays cut their price target on Entergy from $108.00 to $107.00 and set an equal weight rating for the company in a report on Monday, April 15th. Finally, BMO Capital Markets lifted their price objective on Entergy from $110.00 to $113.00 and gave the stock an outperform rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $110.45.

Read Our Latest Analysis on Entergy

Entergy Price Performance

NYSE ETR opened at $112.73 on Monday. The stock has a 50-day simple moving average of $106.63 and a 200 day simple moving average of $102.77. Entergy has a twelve month low of $87.10 and a twelve month high of $114.28. The stock has a market capitalization of $24.07 billion, a PE ratio of 11.31, a P/E/G ratio of 2.09 and a beta of 0.69. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69.

Entergy (NYSE:ETRGet Free Report) last posted its quarterly earnings data 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). The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. Research analysts anticipate that Entergy will post 7.23 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.01%. Entergy’s payout ratio is presently 45.34%.

Insider Activity

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the sale, the insider now owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,729 shares of company stock worth $2,395,315. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ETR. CWM LLC increased its position in Entergy by 15.6% in the fourth quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock worth $1,492,000 after purchasing an additional 1,989 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Entergy by 1.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock valued at $60,273,000 after purchasing an additional 9,696 shares during the last quarter. Financial Counselors Inc. grew its position in shares of Entergy by 28.9% during the 4th quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after buying an additional 35,718 shares during the period. Brendel Financial Advisors LLC bought a new stake in shares of Entergy during the fourth quarter worth approximately $1,782,000. Finally, Los Angeles Capital Management LLC lifted its holdings in Entergy by 464.4% in the third quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock valued at $1,114,000 after buying an additional 9,910 shares during the period. 88.07% of the stock is currently owned by institutional investors.

About Entergy

(Get Free Report)

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.

See Also

Analyst Recommendations for Entergy (NYSE:ETR)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.