Entergy (NYSE:ETR) Price Target Lowered to $89.00 at BMO Capital Markets

Entergy (NYSE:ETR - Get Free Report) had its price target lowered by equities researchers at BMO Capital Markets from $94.00 to $89.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' target price would indicate a potential upside of 6.75% from the stock's current price.

ETR has been the topic of several other reports. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Barclays boosted their price objective on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Six 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $85.25.

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Entergy Price Performance

NYSE ETR traded up $0.79 during trading hours on Friday, reaching $83.37. The company's stock had a trading volume of 2,993,996 shares, compared to its average volume of 3,691,248. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company's 50-day moving average is $83.48 and its two-hundred day moving average is $77.47. Entergy has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The stock has a market cap of $35.91 billion, a PE ratio of 34.24, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the business earned $0.26 earnings per share. Analysts forecast that Entergy will post 3.88 EPS for the current year.

Hedge Funds Weigh In On Entergy

Large investors have recently modified their holdings of the company. NBT Bank N A NY lifted its position in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares in the last quarter. Fortis Group Advisors LLC raised its stake in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares during the period. Duncker Streett & Co. Inc. lifted its holdings in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Sandy Spring Bank boosted its position in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Finally, Glen Eagle Advisors LLC increased its holdings in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.