Entergy (NYSE:ETR) Price Target Raised to $152.00

Entergy (NYSE:ETR - Get Free Report) had its price objective boosted by investment analysts at Barclays from $137.00 to $152.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's price target points to a potential upside of 4.15% from the company's current price.

ETR has been the subject of several other reports. Guggenheim lifted their target price on shares of Entergy from $145.00 to $165.00 and gave the company a "buy" rating in a report on Friday. UBS Group lifted their target price on shares of Entergy from $143.00 to $144.00 and gave the company a "buy" rating in a report on Friday, September 20th. Mizuho lifted their target price on shares of Entergy from $138.00 to $165.00 and gave the company an "outperform" rating in a report on Monday. BMO Capital Markets lifted their target price on shares of Entergy from $146.00 to $166.00 and gave the company an "outperform" rating in a report on Friday. Finally, Royal Bank of Canada boosted their price objective on shares of Entergy from $137.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average target price of $150.96.

Entergy Stock Up 2.5 %

Entergy stock traded up $3.52 during trading hours on Tuesday, hitting $145.95. 1,586,146 shares of the stock traded hands, compared to its average volume of 1,605,305. The firm's 50-day moving average price is $130.72 and its two-hundred day moving average price is $117.88. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The company has a market cap of $31.21 billion, a PE ratio of 17.78, a PEG ratio of 2.74 and a beta of 0.71. Entergy has a one year low of $94.85 and a one year high of $156.85.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.08. The business had revenue of $3.39 billion for the quarter, compared to analysts' expectations 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 previous year, the firm posted $3.27 EPS. On average, research analysts forecast that Entergy will post 7.21 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Andrew S. Marsh sold 600 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the sale, the chief operating officer now directly owns 37,888 shares in the company, valued at approximately $4,363,182.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction 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 $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,610 shares of company stock worth $5,751,954 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Entergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC raised its position in Entergy by 3.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider's stock worth $491,000 after purchasing an additional 116 shares during the period. First Heartland Consultants Inc. bought a new position in Entergy in the 3rd quarter worth about $379,000. Prime Capital Investment Advisors LLC grew its stake in Entergy by 2.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 16,952 shares of the utilities provider's stock worth $2,231,000 after acquiring an additional 336 shares in the last quarter. GSA Capital Partners LLP grew its stake in Entergy by 196.7% in the 3rd quarter. GSA Capital Partners LLP now owns 7,914 shares of the utilities provider's stock worth $1,042,000 after acquiring an additional 5,247 shares in the last quarter. Finally, WCM Investment Management LLC grew its stake in Entergy by 324.7% in the 3rd quarter. WCM Investment Management LLC now owns 18,942 shares of the utilities provider's stock worth $2,484,000 after acquiring an additional 14,482 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other 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.