Entergy (NYSE:ETR) Price Target Raised to $86.00 at Evercore ISI

Entergy (NYSE:ETR) had its price objective boosted by Evercore ISI from $75.00 to $86.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the utilities provider’s stock. Evercore ISI’s target price would suggest a potential upside of 0.22% from the stock’s current price.

A number of other equities analysts have also weighed in on ETR. BMO Capital Markets cut their price objective on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research report on Monday, November 18th. Mizuho boosted their price objective on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Finally, Scotiabank cut their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.14.

Entergy Stock Performance

Shares of ETR opened at $85.82 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a market cap of $36.80 billion, a P/E ratio of 35.24, a PEG ratio of 2.67 and a beta of 0.72. The company has a 50-day moving average of $79.01 and a two-hundred day moving average of $71.19. Entergy has a 12-month low of $49.80 and a 12-month high of $88.38.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.75%. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, research analysts predict that Entergy will post 3.88 EPS for the current fiscal year.

Insider Activity at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Entergy

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after buying an additional 26,312,267 shares during the period. Bank of America Corp DE grew its stake in Entergy by 142.8% during the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock worth $1,334,034,000 after buying an additional 10,347,926 shares during the period. Ameriprise Financial Inc. grew its stake in Entergy by 71.4% during the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock worth $976,895,000 after buying an additional 5,368,396 shares during the period. FMR LLC boosted its stake in shares of Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock valued at $956,273,000 after purchasing an additional 5,998,760 shares during the period. Finally, State Street Corp boosted its stake in shares of Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock valued at $1,501,509,000 after purchasing an additional 128,667 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Entergy

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.