BMO Capital Markets Lowers Entergy (NYSE:ETR) Price Target to $159.00

Entergy (NYSE:ETR) had its price objective cut by equities researchers at BMO Capital Markets from $166.00 to $159.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 6.12% from the stock’s current price.

ETR has been the topic of a number of other research reports. Guggenheim boosted their price objective on shares of Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price target on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Barclays upped their price target on shares of Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Argus raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.42.

Entergy Stock Performance

Shares of ETR stock opened at $149.83 on Monday. The company’s fifty day simple moving average is $136.12 and its 200-day simple moving average is $120.78. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm has a market cap of $32.13 billion, a PE ratio of 18.25, a P/E/G ratio of 2.49 and a beta of 0.71. Entergy has a 12 month low of $96.15 and a 12 month high of $156.85.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The business 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 quarter in the previous year, the firm posted $3.27 earnings per share. Equities research analysts expect that Entergy will post 7.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Eliecer Viamontes sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the sale, the insider now directly owns 4,173 shares in the company, valued at approximately $613,431. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 4,134 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the completion of the sale, the insider now owns 2,016 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,472 shares of company stock worth $5,076,328 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its holdings in Entergy by 55.4% in the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock valued at $1,571,000 after buying an additional 5,303 shares during the last quarter. Cetera Advisors LLC raised its holdings in Entergy by 145.2% in the 1st quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock valued at $2,551,000 after buying an additional 14,293 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Entergy by 21.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock valued at $129,840,000 after buying an additional 174,093 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Entergy by 17.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 41,605 shares of the utilities provider’s stock valued at $4,397,000 after buying an additional 6,197 shares during the last quarter. Finally, Ausbil Investment Management Ltd raised its holdings in Entergy by 11.4% during the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock worth $12,795,000 after purchasing an additional 9,986 shares during the last quarter. Institutional investors 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.