Entergy (NYSE:ETR) Price Target Raised to $165.00

Entergy (NYSE:ETR) had its target price raised by Mizuho from $138.00 to $165.00 in a report published on Monday, Benzinga reports. Mizuho currently has an outperform rating on the utilities provider’s stock.

ETR has been the subject of a number of other research reports. Royal Bank of Canada increased their price target on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. BMO Capital Markets raised their price objective on shares of Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Barclays decreased their price objective on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Finally, UBS Group raised their price objective on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $150.96.

Entergy Stock Up 0.1 %

Shares of NYSE:ETR opened at $146.06 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. Entergy has a 12 month low of $94.85 and a 12 month high of $156.85. The company has a 50-day moving average price of $131.25 and a 200 day moving average price of $118.08. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.69 and a beta of 0.71.

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

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.29%. Entergy’s dividend payout ratio (DPR) is 55.05%.

Insider Transactions at Entergy

In other news, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the transaction, the insider now directly owns 5,117 shares of the company’s stock, valued at approximately $614,040. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the transaction, the insider now directly owns 5,117 shares of the company’s stock, valued at $614,040. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,138 shares of company stock valued at $4,430,838. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently bought and sold shares of the business. Atlanta Consulting Group Advisors LLC purchased a new position in Entergy during the third quarter valued at approximately $781,000. Mutual of America Capital Management LLC lifted its position in Entergy by 13.0% during the third quarter. Mutual of America Capital Management LLC now owns 55,487 shares of the utilities provider’s stock valued at $7,303,000 after acquiring an additional 6,377 shares during the last quarter. Natixis Advisors LLC lifted its position in Entergy by 14.8% during the third quarter. Natixis Advisors LLC now owns 229,939 shares of the utilities provider’s stock valued at $30,262,000 after acquiring an additional 29,558 shares during the last quarter. Meridian Investment Counsel Inc. acquired a new stake in Entergy in the third quarter valued at approximately $237,000. Finally, Coastline Trust Co acquired a new position in shares of Entergy during the third quarter worth $31,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.