Entergy (NYSE:ETR) Price Target Raised to $112.00

Entergy (NYSE:ETR) had its price objective raised by KeyCorp from $108.00 to $112.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Several other equities research analysts also recently commented on the company. Barclays reduced their price objective on Entergy from $108.00 to $107.00 and set an equal weight rating for the company in a report on Monday, April 15th. BMO Capital Markets lifted their target price on shares of Entergy from $110.00 to $113.00 and gave the stock an outperform rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $117.00 target price on shares of Entergy in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $109.45.

Entergy Price Performance

Shares of NYSE:ETR opened at $107.45 on Friday. The company has a market capitalization of $22.91 billion, a PE ratio of 9.69, a PEG ratio of 2.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32. Entergy has a 1-year low of $87.10 and a 1-year high of $109.53. The business has a fifty day moving average price of $102.79 and a 200-day moving average price of $100.38.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.27 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, equities analysts expect that Entergy will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.21%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio is 40.76%.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the sale, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $1,226,685 in the last three months. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wealth Alliance lifted its holdings in Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after buying an additional 101 shares during the period. Marino Stram & Associates LLC raised its position in shares of Entergy by 1.8% in the 4th quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock worth $585,000 after acquiring an additional 102 shares in the last quarter. Prossimo Advisors LLC lifted its stake in shares of Entergy by 2.5% during the 4th quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after purchasing an additional 110 shares during the last quarter. Brown Advisory Inc. boosted its position in Entergy by 5.1% during the third quarter. Brown Advisory Inc. now owns 2,353 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 115 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Entergy by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 124 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.