Entergy (NYSE:ETR) Price Target Raised to $88.00

Entergy (NYSE:ETR) had its price objective boosted by Barclays from $79.00 to $88.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

A number of other research firms also recently commented on ETR. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. BMO Capital Markets upped their price objective on shares of Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $85.61.

Entergy Stock Down 0.4 %

Entergy stock opened at $80.21 on Tuesday. The firm’s 50 day moving average price is $83.48 and its two-hundred day moving average price is $77.15. The firm has a market cap of $34.55 billion, a PE ratio of 32.94, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy has a twelve month low of $50.19 and a twelve month high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the company earned $0.26 earnings per share. On average, research analysts predict that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Institutional Trading of Entergy

Hedge funds have recently bought and sold shares of the stock. Gen Wealth Partners Inc raised its stake in shares of Entergy by 27.5% in the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 144 shares during the last quarter. Hall Laurie J Trustee grew its position in Entergy by 50.0% during the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 150 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Entergy by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider’s stock valued at $2,224,000 after purchasing an additional 162 shares in the last quarter. NBT Bank N A NY raised its position in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Finally, Fortis Group Advisors LLC boosted its stake in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

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.