Entergy (NYSE:ETR) Price Target Raised to $112.00

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

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

Entergy Price Performance

Shares of NYSE:ETR opened at $106.77 on Friday. The company has a market cap of $22.77 billion, a P/E ratio of 9.63, a P/E/G ratio of 2.11 and a beta of 0.71. The business has a fifty day simple moving average of $102.62 and a 200-day simple moving average of $100.27. Entergy has a 52 week low of $87.10 and a 52 week high of $109.70. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57.

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

Entergy Announces Dividend

The business also recently declared 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 yield of 4.23%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 40.76%.

Insider Buying and Selling at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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. Insiders sold 12,000 shares of company stock valued at $1,226,685 over the last 90 days. 0.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tidemark LLC acquired a new position in Entergy in the fourth quarter worth about $25,000. Fairfield Bush & CO. acquired a new position in shares of Entergy in the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Entergy by 157.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 165 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Entergy during the 3rd quarter valued at approximately $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Entergy during the third quarter worth $32,000. 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.