Entergy (NYSE:ETR) Price Target Increased to $140.00 by Analysts at BMO Capital Markets

Entergy (NYSE:ETR) had its price objective raised by BMO Capital Markets from $131.00 to $140.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an outperform rating on the utilities provider’s stock.

Several other research analysts also recently weighed in on the company. Morgan Stanley increased their price target on Entergy from $109.00 to $115.00 and gave the stock an underweight rating in a research note on Wednesday, September 25th. Royal Bank of Canada increased their price objective on Entergy from $137.00 to $140.00 and gave the stock an outperform rating in a report on Monday. KeyCorp increased their price objective on Entergy from $130.00 to $140.00 and gave the stock an overweight rating in a report on Monday, September 30th. JPMorgan Chase & Co. increased their price objective on Entergy from $131.00 to $141.00 and gave the stock an overweight rating in a report on Monday, August 12th. Finally, Argus raised Entergy to a strong-buy rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $130.96.

Entergy Stock Up 1.1 %

Shares of NYSE:ETR opened at $133.36 on Tuesday. The company has a market capitalization of $28.48 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The business has a fifty day moving average price of $124.61 and a two-hundred day moving average price of $114.26. Entergy has a 1 year low of $90.78 and a 1 year high of $134.63.

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

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 annualized dividend and a dividend yield of 3.39%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Activity

In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the 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 transaction, the chief operating officer now owns 37,888 shares in the company, valued at $4,363,182.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,810 shares of company stock worth $6,140,626. 0.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently modified their holdings of ETR. Iron Horse Wealth Management LLC bought a new position in Entergy during the 2nd quarter worth approximately $25,000. Heritage Wealth Advisors grew its position in Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the last quarter. American National Bank grew its position in Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 134 shares during the last quarter. TruNorth Capital Management LLC bought a new position in Entergy during the 2nd quarter worth approximately $32,000. Finally, Rothschild Investment LLC bought a new position in Entergy during the 2nd quarter worth approximately $34,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Company Profile

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.