Entergy (NYSE:ETR) Given New $144.00 Price Target at UBS Group

Entergy (NYSE:ETR) had its target price upped by equities researchers at UBS Group from $143.00 to $144.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. UBS Group’s price objective would suggest a potential upside of 11.85% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company increased their price target on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 price target (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. Morgan Stanley lifted their target price on shares of Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. Guggenheim boosted their price target on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.35.

Entergy Trading Up 0.8 %

Shares of NYSE ETR traded up $1.06 during trading hours on Friday, hitting $128.74. 435,292 shares of the company traded hands, compared to its average volume of 1,560,101. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. Entergy has a 12 month low of $87.10 and a 12 month high of $129.66. The stock has a market capitalization of $27.49 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The company’s 50 day moving average price is $118.12 and its 200 day moving average price is $110.62.

Entergy (NYSE:ETR) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion for 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 in the prior year, the firm posted $1.84 earnings per share. On average, equities research analysts anticipate that Entergy will post 7.22 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s 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 completion of the sale, the chief operating officer now owns 37,888 shares in the company, valued at approximately $4,363,182.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s 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 sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $122.56, for a total value of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,288,742.08. The disclosure for this sale can be found here. Insiders sold 42,888 shares of company stock worth $5,110,766 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidemark LLC purchased a new stake in shares of Entergy in the 4th quarter valued at approximately $25,000. Iron Horse Wealth Management LLC purchased a new stake in Entergy in the 2nd quarter valued at $25,000. Heritage Wealth Advisors raised its holdings in shares of Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the last quarter. American National Bank lifted its position in Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 134 shares during the period. Finally, TruNorth Capital Management LLC acquired a new position in Entergy in the 2nd quarter valued at $32,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.