Mizuho Boosts Entergy (NYSE:ETR) Price Target to $165.00

Entergy (NYSE:ETR) had its target price increased by equities research analysts at Mizuho from $138.00 to $165.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price target indicates a potential upside of 13.05% from the company’s current price.

Several other equities analysts have also weighed in on ETR. Royal Bank of Canada boosted their target price on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company boosted their target price on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $138.00 to $154.00 in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Finally, Scotiabank boosted their target price on shares of Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $150.96.

Entergy Stock Performance

ETR opened at $145.95 on Monday. The firm has a market capitalization 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 twelve month low of $94.85 and a twelve month high of $156.85. The firm’s 50-day moving average price is $130.72 and its 200 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.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the previous year, the business posted $3.27 earnings per share. As a group, sell-side analysts expect that Entergy will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’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 sale, the chief operating officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entergy 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 transaction of $1,321,115.52. Following the completion of the transaction, the chief operating officer now owns 37,888 shares in the company, valued at $4,363,182.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,092,241.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,610 shares of company stock valued at $5,751,954 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Entergy by 12.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after buying an additional 763,834 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Entergy by 47.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after buying an additional 2,075,776 shares in the last quarter. Capital International Investors boosted its holdings in shares of Entergy by 64.2% in the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares in the last quarter. ClearBridge Investments Ltd boosted its holdings in shares of Entergy by 0.6% in the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after buying an additional 20,025 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Entergy by 22.5% in the 1st quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock valued at $290,963,000 after buying an additional 505,705 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Entergy

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.