Entergy (NYSE:ETR) PT Lowered to $113.00

Entergy (NYSE:ETRGet Rating) had its target price reduced by equities research analysts at Mizuho from $114.00 to $113.00 in a report released on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Mizuho’s price objective would indicate a potential upside of 5.17% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Credit Suisse Group raised their price objective on shares of Entergy from $108.00 to $117.00 and gave the company an “outperform” rating in a report on Friday, November 4th. Wells Fargo & Company raised their price objective on shares of Entergy from $123.00 to $135.00 in a report on Wednesday, December 14th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Friday, November 11th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $135.00 to $119.00 in a research report on Tuesday, January 3rd. Finally, BMO Capital Markets increased their target price on shares of Entergy from $111.00 to $116.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of “Hold” and an average price target of $122.93.

Entergy Stock Up 0.4 %

ETR stock opened at $107.44 on Thursday. The firm has a 50-day moving average price of $112.15 and a 200-day moving average price of $111.76. The stock has a market capitalization of $21.86 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. Entergy has a 12 month low of $94.94 and a 12 month high of $126.82. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04.

Entergy (NYSE:ETRGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.17. The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $3.35 billion. Entergy had a net margin of 9.46% and a return on equity of 11.55%. As a group, equities research analysts anticipate that Entergy will post 6.37 EPS for the current fiscal year.

Institutional Trading of Entergy

Several large investors have recently modified their holdings of the stock. Wetherby Asset Management Inc. grew its position in shares of Entergy by 2.7% during the 1st quarter. Wetherby Asset Management Inc. now owns 3,269 shares of the utilities provider’s stock worth $382,000 after buying an additional 87 shares during the period. Parkside Financial Bank & Trust grew its position in Entergy by 15.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 739 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 99 shares during the period. Intrua Financial LLC grew its position in Entergy by 2.5% in the 2nd quarter. Intrua Financial LLC now owns 4,058 shares of the utilities provider’s stock valued at $457,000 after purchasing an additional 100 shares during the period. Stratos Wealth Partners LTD. grew its position in Entergy by 2.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,179 shares of the utilities provider’s stock valued at $421,000 after purchasing an additional 100 shares during the period. Finally, Transcend Capital Advisors LLC grew its position in Entergy by 4.2% in the 3rd quarter. Transcend Capital Advisors LLC now owns 2,501 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

About Entergy

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Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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