Entergy (NYSE:ETR) Price Target Cut to $159.00 by Analysts at BMO Capital Markets

Entergy (NYSE:ETR) had its price objective decreased by equities researchers at BMO Capital Markets from $166.00 to $159.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 6.12% from the stock’s current price.

Several other analysts also recently commented on the stock. Barclays raised their price objective on shares of Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company lifted their price target on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. UBS Group lifted their price objective on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Guggenheim lifted their price objective on shares of Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $116.00 to $150.00 in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.42.

Entergy Stock Performance

Shares of ETR stock opened at $149.83 on Monday. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.49 and a beta of 0.71. Entergy has a 52 week low of $96.15 and a 52 week high of $156.85. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm has a 50 day moving average of $136.12 and a 200-day moving average of $120.78.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter last year, the firm posted $3.27 EPS. On average, equities analysts forecast that Entergy will post 7.21 earnings per share for the current year.

Insider Activity

In other news, insider Eliecer Viamontes sold 200 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total value of $29,400.00. Following the transaction, the insider now directly owns 4,173 shares of the company’s stock, valued at approximately $613,431. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 4,134 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the transaction, the insider now directly owns 2,016 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,472 shares of company stock valued at $5,076,328. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Entergy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its holdings in Entergy by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after purchasing an additional 2,075,776 shares during the period. Capital International Investors grew its stake in shares of Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares in the last quarter. Millennium Management LLC grew its stake in Entergy by 185.5% during the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock worth $200,804,000 after purchasing an additional 1,219,419 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after purchasing an additional 763,834 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Entergy by 89.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after purchasing an additional 506,239 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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.