Entergy (NYSE:ETR) Price Target Increased to $112.00 by Analysts at KeyCorp

Entergy (NYSE:ETR) had its price objective hoisted by KeyCorp from $108.00 to $112.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other research analysts also recently issued reports on ETR. Barclays lowered their price target on Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an outperform rating and set a $117.00 price target on shares of Entergy in a report on Monday, February 26th. Finally, BMO Capital Markets increased their target price on Entergy from $110.00 to $113.00 and gave the company an outperform rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy has an average rating of Moderate Buy and an average target price of $110.00.

Entergy Trading Up 2.9 %

Entergy stock opened at $106.77 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57. The business’s fifty day simple moving average is $102.62 and its two-hundred day simple moving average is $100.13. Entergy has a 12 month low of $87.10 and a 12 month high of $109.70. The company has a market capitalization of $22.77 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 2.05 and a beta of 0.71.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, equities analysts predict that Entergy will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio is currently 40.76%.

Insider Buying and Selling

In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the sale, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock worth $1,226,685. 0.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after buying an additional 165 shares in the last quarter. Tidemark LLC purchased a new position in Entergy during the 4th quarter valued at approximately $25,000. Fairfield Bush & CO. purchased a new position in Entergy during the 1st quarter valued at approximately $29,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Entergy during the 3rd quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC purchased a new position in Entergy during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.