UBS Group Raises Entergy (NYSE:ETR) Price Target to $144.00

Entergy (NYSE:ETR - Get Free Report) had its price objective hoisted by research analysts at UBS Group from $143.00 to $144.00 in a research report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the utilities provider's stock. UBS Group's price objective would indicate a potential upside of 11.41% from the company's previous close.

ETR has been the topic of a number of other research reports. Morgan Stanley upped their target price on Entergy from $100.00 to $109.00 and gave the company an "underweight" rating in a report on Friday, August 23rd. Guggenheim increased their target price on shares of Entergy from $118.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price target on shares of Entergy from $125.00 to $137.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on Entergy from $131.00 to $141.00 and gave the stock an "overweight" rating in a report on Monday, August 12th. Finally, Argus upgraded Entergy to a "strong-buy" rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $127.35.

Entergy Trading Up 1.2 %

NYSE ETR traded up $1.57 on Friday, hitting $129.25. 3,154,354 shares of the stock were exchanged, compared to its average volume of 1,574,898. The company's 50-day moving average price is $118.12 and its two-hundred day moving average price is $110.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. Entergy has a 52-week low of $87.10 and a 52-week high of $129.70. The company has a market capitalization of $27.60 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.31 and a beta of 0.73.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. The business had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter last year, the firm posted $1.84 earnings per share. Research analysts predict that Entergy will post 7.22 EPS for the current year.

Insider Buying and Selling

In related news, CEO Andrew S. Marsh sold 19,200 shares of Entergy stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at $18,307,787.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew S. Marsh sold 19,200 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. The disclosure for this sale can be found here. In the last three months, insiders sold 42,888 shares of company stock valued at $5,110,766. Company insiders own 0.39% of the company's stock.

Institutional Trading of Entergy

A number of hedge funds have recently bought and sold shares of ETR. HBK Sorce Advisory LLC lifted its stake in shares of Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider's stock valued at $436,000 after buying an additional 92 shares during the period. Quent Capital LLC raised its holdings in shares of Entergy by 21.7% in the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider's stock worth $58,000 after buying an additional 98 shares in the last quarter. Delta Financial Advisors LLC lifted its position in shares of Entergy by 0.5% during the 2nd quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider's stock worth $2,367,000 after buying an additional 105 shares during the period. iA Global Asset Management Inc. boosted its stake in Entergy by 1.3% in the 1st quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider's stock valued at $933,000 after buying an additional 114 shares in the last quarter. Finally, First Bank & Trust grew its position in Entergy by 0.6% in the second quarter. First Bank & Trust now owns 20,540 shares of the utilities provider's stock valued at $2,198,000 after acquiring an additional 116 shares during the period. 88.07% of the stock is owned by 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.