Entergy (NYSE:ETR) PT Lowered to $107.00

Entergy (NYSE:ETR) had its price target trimmed by Barclays from $108.00 to $107.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

A number of other brokerages also recently weighed in on ETR. BMO Capital Markets upped their price objective 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. Royal Bank of Canada reiterated an outperform rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Entergy has a consensus rating of Moderate Buy and an average price target of $109.78.

Entergy Price Performance

NYSE:ETR opened at $103.75 on Monday. Entergy has a one year low of $87.10 and a one year high of $109.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.99 and a beta of 0.71. The firm’s fifty day moving average is $102.44 and its two-hundred day moving average is $100.01.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the prior year, the company earned $0.51 earnings per share. Research analysts expect 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. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.36%. Entergy’s dividend payout ratio (DPR) is presently 40.76%.

Insider Buying and Selling

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

Institutional Trading of Entergy

A number of hedge funds have recently bought and sold shares of the business. LVW Advisors LLC raised its holdings in Entergy by 22.7% in the 1st quarter. LVW Advisors LLC now owns 2,425 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 448 shares during the last quarter. Citizens Business Bank raised its holdings in Entergy by 10.2% in the 1st quarter. Citizens Business Bank now owns 3,285 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 303 shares during the last quarter. Founders Financial Securities LLC purchased a new stake in shares of Entergy in the 1st quarter valued at approximately $206,000. Fox Hill Wealth Management grew its stake in shares of Entergy by 21.6% in the 1st quarter. Fox Hill Wealth Management now owns 10,015 shares of the utilities provider’s stock valued at $1,058,000 after buying an additional 1,777 shares during the period. Finally, First Bank & Trust grew its stake in shares of Entergy by 10.8% in the 1st quarter. First Bank & Trust now owns 20,424 shares of the utilities provider’s stock valued at $2,158,000 after buying an additional 1,983 shares during the period. Institutional investors and hedge funds 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.