Entergy (NYSE:ETR) Price Target Raised to $165.00 at Guggenheim

Entergy (NYSE:ETR - Get Free Report) had its target price hoisted by Guggenheim from $145.00 to $165.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the utilities provider's stock. Guggenheim's price objective suggests a potential upside of 13.96% from the company's previous close.

Several other analysts also recently commented on ETR. Royal Bank of Canada upped their price objective on shares of Entergy from $137.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Morgan Stanley increased their price target on Entergy from $109.00 to $115.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price objective on Entergy from $131.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, August 12th. Barclays dropped their target price on Entergy from $138.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, October 7th. Finally, UBS Group upped their price objective on Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average price target of $141.96.

Entergy Stock Down 6.5 %

ETR traded down $9.99 during trading on Friday, hitting $144.79. The stock had a trading volume of 3,829,226 shares, compared to its average volume of 1,598,875. The stock has a 50 day simple moving average of $129.72 and a two-hundred day simple moving average of $117.12. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. Entergy has a twelve month low of $94.85 and a twelve month high of $156.85. The company has a market capitalization of $30.96 billion, a PE ratio of 17.64, a PEG ratio of 2.54 and a beta of 0.74.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the business earned $3.27 EPS. On average, research analysts predict that Entergy will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The shares were 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 in the company, valued at $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the sale, the chief operating officer now owns 37,888 shares of the company's stock, valued at $4,363,182.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction on Monday, August 5th. The shares were 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 owns 150,731 shares in the company, valued at $18,307,787.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,810 shares of company stock worth $6,140,626. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Entergy

Several institutional investors have recently added to or reduced their stakes in ETR. Assetmark Inc. grew its position in Entergy by 20.1% in the 3rd quarter. Assetmark Inc. now owns 38,895 shares of the utilities provider's stock valued at $5,119,000 after acquiring an additional 6,505 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Entergy by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 9,028 shares of the utilities provider's stock valued at $1,188,000 after purchasing an additional 254 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Entergy in the third quarter valued at approximately $2,030,000. Capital Performance Advisors LLP acquired a new position in shares of Entergy in the third quarter valued at approximately $51,000. Finally, Portside Wealth Group LLC increased its stake in Entergy by 2.5% during the 3rd quarter. Portside Wealth Group LLC now owns 5,927 shares of the utilities provider's stock worth $780,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds 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.