Entergy (NYSE:ETR) Price Target Cut to $137.00 by Analysts at Barclays

Entergy (NYSE:ETR) had its price objective decreased by Barclays from $138.00 to $137.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target suggests a potential upside of 4.68% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Guggenheim raised their price target 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 upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. BMO Capital Markets lifted their target price on shares of Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. KeyCorp lifted their target price on shares of Entergy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, UBS Group lifted their price target on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $128.50.

Entergy Stock Down 1.2 %

ETR traded down $1.62 during trading hours on Monday, reaching $130.88. 645,636 shares of the stock traded hands, compared to its average volume of 1,570,314. Entergy has a fifty-two week low of $90.78 and a fifty-two week high of $133.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 2.46 and a beta of 0.74. The firm’s fifty day simple moving average is $122.68 and its two-hundred day simple moving average is $112.93.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm posted $1.84 EPS. As a group, analysts forecast that Entergy will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Entergy

In related news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were 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 in the company, valued at approximately $18,140,475.85. This trade represents a 0.00 % decrease in their position. 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 firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,307,787.26. 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 50,810 shares of company stock worth $6,140,626 in the last ninety days. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Several hedge funds have recently bought and sold shares of the stock. Rafferty Asset Management LLC raised its holdings in shares of Entergy by 9.5% in the fourth quarter. Rafferty Asset Management LLC now owns 23,593 shares of the utilities provider’s stock valued at $2,387,000 after purchasing an additional 2,039 shares during the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Entergy by 11.1% in the fourth quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock valued at $5,592,000 after purchasing an additional 5,509 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Entergy by 1,490.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 22,442 shares of the utilities provider’s stock valued at $2,271,000 after purchasing an additional 21,031 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Entergy by 49.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 850,971 shares of the utilities provider’s stock valued at $86,110,000 after purchasing an additional 283,264 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $455,000. 88.07% of the stock is currently 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.