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

Entergy (NYSE:ETR - Free Report) had its price objective raised by Mizuho from $138.00 to $165.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an outperform rating on the utilities provider's stock.

A number of other analysts also recently commented on the company. BMO Capital Markets increased their price target on Entergy from $146.00 to $166.00 and gave the company an "outperform" rating in a research report on Friday. Morgan Stanley raised Entergy from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $116.00 to $150.00 in a report on Monday. KeyCorp lifted their price objective on Entergy from $143.00 to $162.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on Entergy from $131.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, August 12th. Finally, Argus upgraded Entergy to a "strong-buy" rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.81.

Entergy Stock Down 1.6 %

NYSE:ETR traded down $2.36 on Monday, hitting $142.43. The stock had a trading volume of 2,966,925 shares, compared to its average volume of 1,605,298. The company has a market cap of $30.46 billion, a PE ratio of 17.66, a P/E/G ratio of 2.93 and a beta of 0.71. Entergy has a 52 week low of $94.85 and a 52 week high of $156.85. The business's fifty day moving average is $129.72 and its 200 day moving average is $117.33. The company has a quick ratio of 0.62, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the prior year, the business posted $3.27 earnings per share. On average, equities research analysts expect that Entergy will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.37%. This is a boost from Entergy's previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy's payout ratio is presently 55.05%.

Insider Buying and Selling at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of Entergy stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at approximately $18,140,475.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Andrew S. Marsh sold 19,200 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at $18,140,475.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,610 shares of company stock valued at $5,751,954. 0.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Entergy

A number of hedge funds have recently made changes to their positions in ETR. Iron Horse Wealth Management LLC purchased a new stake in shares of Entergy in the 2nd quarter worth $25,000. Heritage Wealth Advisors boosted its holdings in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider's stock worth $26,000 after buying an additional 239 shares during the period. Cetera Trust Company N.A bought a new position in Entergy in the 3rd quarter worth $29,000. Fortitude Family Office LLC boosted its holdings in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after buying an additional 178 shares during the period. Finally, American National Bank boosted its holdings in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider's stock worth $30,000 after buying an additional 134 shares during the period. 88.07% of the stock is owned by 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.