Entergy (NYSE:ETR) PT Raised to $143.00 at KeyCorp

Entergy (NYSE:ETR) had its price objective upped by KeyCorp from $140.00 to $143.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price points to a potential upside of 4.42% from the stock’s previous close.

A number of other equities analysts have also commented on ETR. Guggenheim raised their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price target on Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price target on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Wells Fargo & Company upped their price target on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets raised their price objective on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.19.

Entergy Stock Performance

Shares of NYSE ETR opened at $136.95 on Tuesday. Entergy has a 52-week low of $90.78 and a 52-week high of $137.05. The stock has a market capitalization of $29.24 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 2.46 and a beta of 0.74. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The stock’s fifty day simple moving average is $126.75 and its 200 day simple moving average is $115.48.

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

Insider Transactions at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Entergy 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’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 directly owns 150,731 shares of the company’s stock, valued at approximately $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 valued at $6,140,626 in the last three months. 0.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Entergy

Hedge funds have recently bought and sold shares of the company. Iron Horse Wealth Management LLC acquired a new position in Entergy in the second quarter valued at about $25,000. Heritage Wealth Advisors lifted its stake in 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 in the last quarter. Cetera Trust Company N.A acquired a new stake in shares of Entergy during the third quarter worth $29,000. American National Bank lifted its position in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in Entergy in the 2nd quarter worth $32,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.