Entergy (NYSE:ETR) Given New $128.00 Price Target at Guggenheim

Entergy (NYSE:ETR) had its target price boosted by Guggenheim from $118.00 to $128.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley dropped their price objective on Entergy from $103.00 to $98.00 and set an underweight rating on the stock in a research report on Monday, June 24th. BMO Capital Markets reduced their price target on shares of Entergy from $120.00 to $117.00 and set an outperform rating for the company in a research note on Monday, July 8th. Wells Fargo & Company increased their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an overweight rating in a research report on Friday. Barclays cut their target price on shares of Entergy from $116.00 to $115.00 and set an equal weight rating for the company in a research report on Monday, July 22nd. Finally, Scotiabank lowered their price target on Entergy from $111.00 to $104.00 and set a sector perform rating on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $117.12.

Entergy Stock Up 0.0 %

NYSE:ETR opened at $120.85 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.45 and a current ratio of 0.94. The firm has a market cap of $25.81 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.29 and a beta of 0.71. Entergy has a fifty-two week low of $87.10 and a fifty-two week high of $123.61. The firm has a 50-day simple moving average of $109.08 and a two-hundred day simple moving average of $105.69.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter last year, the firm earned $1.84 earnings per share. Analysts predict that Entergy will post 7.21 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the sale, the insider now owns 2,479 shares in the company, valued at approximately $273,260.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares in the company, valued at $235,465.86. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tidemark LLC bought a new position in Entergy during the fourth quarter valued at approximately $25,000. Iron Horse Wealth Management LLC bought a new position in shares of Entergy during the 2nd quarter valued at approximately $25,000. Heritage Wealth Advisors grew its holdings in shares of 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 purchasing an additional 239 shares in the last quarter. American National Bank increased its position in Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in Entergy during the second quarter valued at $32,000. 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.