Entergy (NYSE:ETR) PT Raised to $130.00 at KeyCorp

Entergy (NYSE:ETR) had its target price boosted by equities researchers at KeyCorp from $123.00 to $130.00 in a report released on Monday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective indicates a potential upside of 0.71% from the company’s previous close.

Other analysts also recently issued research reports about the company. Morgan Stanley lifted their price objective on Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. Mizuho increased their price objective on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Guggenheim boosted their target price on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Argus raised shares of Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company boosted their price objective on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.35.

Entergy Price Performance

ETR stock opened at $129.08 on Monday. The company has a market capitalization of $27.56 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The company’s fifty day moving average price is $117.28 and its 200-day moving average price is $110.37. Entergy has a one year low of $87.10 and a one year high of $129.66. 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 (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. On average, equities analysts anticipate that Entergy will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction 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 in the company, valued at approximately $18,307,787.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The disclosure for this sale can be found here. Insiders have sold a total of 42,888 shares of company stock valued at $5,110,766 over the last quarter. 0.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in Entergy during the second quarter valued at about $3,876,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Entergy in the 2nd quarter valued at about $42,000. Clearbridge Investments LLC grew its position in shares of Entergy by 15.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,181 shares of the utilities provider’s stock worth $340,000 after buying an additional 427 shares during the last quarter. Truist Financial Corp raised its stake in shares of Entergy by 42.0% during the 2nd quarter. Truist Financial Corp now owns 906,795 shares of the utilities provider’s stock worth $97,027,000 after acquiring an additional 268,004 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in Entergy during the second quarter valued at approximately $32,017,000. 88.07% of the stock is currently 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.