Guggenheim Forecasts Strong Price Appreciation for Entergy (NYSE:ETR) Stock

Entergy (NYSE:ETR) had its target price lifted by stock analysts at Guggenheim from $145.00 to $165.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Guggenheim’s price objective would suggest a potential upside of 13.96% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. KeyCorp boosted their price target on Entergy from $143.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group upped their target price on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Royal Bank of Canada raised their price target on Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley upped their price objective on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company increased their price objective on shares of Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.96.

Entergy Stock Down 6.5 %

ETR opened at $144.79 on Friday. The stock has a fifty day moving average of $129.72 and a 200-day moving average of $117.23. The company has a market capitalization of $30.96 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.93 and a beta of 0.71. Entergy has a fifty-two week low of $94.85 and a fifty-two week high of $156.85. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.62 and a current ratio of 0.89.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations 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 company earned $3.27 EPS. On average, equities analysts expect that Entergy will post 7.21 EPS for the current year.

Insider Transactions at Entergy

In other Entergy 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 value of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,810 shares of company stock worth $6,140,626. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ETR. Iron Horse Wealth Management LLC bought a new position in shares of Entergy during the second quarter worth about $25,000. Heritage Wealth Advisors raised its holdings 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 purchasing an additional 239 shares during the last quarter. Cetera Trust Company N.A acquired a new position in shares of Entergy in the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC lifted its position in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. Finally, American National Bank boosted its stake in shares of Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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.