Entergy (NYSE:ETR) Given New $96.00 Price Target at UBS Group

Entergy (NYSE:ETR - Free Report) had its price target lifted by UBS Group from $86.00 to $96.00 in a report published on Friday,Benzinga reports. UBS Group currently has a buy rating on the utilities provider's stock.

A number of other brokerages have also weighed in on ETR. KeyCorp lowered shares of Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Scotiabank dropped their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

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Entergy Stock Down 1.3 %

Shares of Entergy stock traded down $1.09 on Friday, reaching $82.92. The company's stock had a trading volume of 4,658,302 shares, compared to its average volume of 3,341,112. Entergy has a 52 week low of $50.19 and a 52 week high of $88.38. The firm's fifty day simple moving average is $83.15 and its two-hundred day simple moving average is $75.47. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $35.72 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (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 analysts' expectations of $3.24 billion. During the same quarter in the prior year, the business earned $0.26 EPS. Equities analysts anticipate that Entergy will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio is presently 98.77%.

Hedge Funds Weigh In On Entergy

Institutional investors have recently bought and sold shares of the business. Strategic Financial Concepts LLC bought a new position in shares of Entergy in the 4th quarter valued at about $4,393,000. Flagship Harbor Advisors LLC raised its position in Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock valued at $603,000 after purchasing an additional 3,393 shares during the period. LaFleur & Godfrey LLC bought a new stake in shares of Entergy in the 4th quarter valued at approximately $217,000. Avior Wealth Management LLC boosted its holdings in shares of Entergy by 324.3% in the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock worth $56,000 after purchasing an additional 561 shares during the period. Finally, Braun Stacey Associates Inc. increased its position in shares of Entergy by 88.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock valued at $27,333,000 after purchasing an additional 169,511 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

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.