KeyCorp Raises Entergy (NYSE:ETR) Price Target to $143.00

Entergy (NYSE:ETR) had its price objective increased by equities research analysts at KeyCorp from $140.00 to $143.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective suggests a potential upside of 6.44% from the company’s current price.

Several other brokerages have also recently issued reports on ETR. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Argus upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. UBS Group boosted their target price on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Barclays dropped their price target on Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Finally, Morgan Stanley boosted their price objective on Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.19.

Entergy Stock Down 0.5 %

ETR stock opened at $134.35 on Tuesday. Entergy has a 52 week low of $90.78 and a 52 week high of $136.02. 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 firm has a 50-day simple moving average of $126.01 and a 200-day simple moving average of $115.11. The stock has a market capitalization of $28.69 billion, a P/E ratio of 13.48, a P/E/G ratio of 2.46 and a beta of 0.74.

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

Insiders Place Their Bets

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction that occurred on 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the sale, the chief operating officer now owns 37,888 shares in the company, valued at approximately $4,363,182.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock valued at $6,140,626 over the last 90 days. 0.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

Large investors have recently added to or reduced their stakes in the business. Bank & Trust Co boosted its position in Entergy by 12.8% in the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after buying an additional 90 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 92 shares during the period. Alliance Wealth Advisors LLC grew its stake in Entergy by 3.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 92 shares in the last quarter. CarsonAllaria Wealth Management Ltd. increased its holdings in Entergy by 5.4% during the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 95 shares during the period. Finally, Marino Stram & Associates LLC raised its position in Entergy by 1.6% in the 3rd quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock valued at $788,000 after purchasing an additional 95 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.