Evercore ISI Issues Positive Forecast for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR - Get Free Report) had its price target hoisted by stock analysts at Evercore ISI from $75.00 to $86.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "in-line" rating on the utilities provider's stock. Evercore ISI's price target would indicate a potential upside of 1.24% from the company's previous close.

A number of other equities analysts have also weighed in on ETR. Bank of America lowered Entergy from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Wells Fargo & Company boosted their target price on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets decreased their target price on Entergy from $83.00 to $79.50 and set an "outperform" rating for the company in a research report on Monday, November 18th. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Finally, Mizuho boosted their target price on Entergy from $69.00 to $82.50 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.14.

Entergy Stock Down 1.1 %

Shares of ETR traded down $0.92 during trading hours on Wednesday, hitting $84.94. The company had a trading volume of 4,755,017 shares, compared to its average volume of 3,839,312. The firm has a fifty day moving average price of $79.24 and a 200-day moving average price of $71.30. 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 stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.66 and a beta of 0.72. Entergy has a 52-week low of $49.80 and a 52-week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, equities research analysts forecast that Entergy will post 3.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now directly owns 3,952 shares of the company's stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Entergy

Several hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in shares of Entergy by 23.0% during the 4th quarter. Mackenzie Financial Corp now owns 213,317 shares of the utilities provider's stock worth $16,174,000 after acquiring an additional 39,915 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Entergy by 104.7% during the 4th quarter. Forum Financial Management LP now owns 3,300 shares of the utilities provider's stock worth $250,000 after acquiring an additional 1,688 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Entergy during the 4th quarter worth approximately $977,000. Drucker Wealth 3.0 LLC raised its holdings in Entergy by 104.3% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 61,177 shares of the utilities provider's stock valued at $4,638,000 after buying an additional 31,236 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Entergy by 17.9% during the 4th quarter. Toronto Dominion Bank now owns 148,301 shares of the utilities provider's stock valued at $11,244,000 after buying an additional 22,559 shares during the period. 88.07% of the stock is 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.