BMO Capital Markets Lowers Entergy (NYSE:ETR) Price Target to $117.00

Entergy (NYSE:ETR) had its price objective reduced by BMO Capital Markets from $120.00 to $117.00 in a research report sent to investors on Monday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the utilities provider’s stock.

Other research analysts have also issued reports about the stock. Scotiabank decreased their target price on shares of Entergy from $111.00 to $104.00 and set a sector perform rating on the stock in a research note on Monday, April 22nd. Barclays boosted their price objective on Entergy from $107.00 to $116.00 and gave the stock an equal weight rating in a research note on Wednesday, June 5th. Mizuho raised their target price on Entergy from $107.00 to $114.00 and gave the stock a buy rating in a research note on Friday, May 31st. Wells Fargo & Company boosted their price target on shares of Entergy from $122.00 to $125.00 and gave the company an overweight rating in a research report on Wednesday, June 5th. Finally, LADENBURG THALM/SH SH restated a neutral rating and set a $109.50 price objective (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $113.50.

Entergy Trading Up 2.4 %

Shares of Entergy stock opened at $108.49 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. Entergy has a twelve month low of $87.10 and a twelve month high of $114.28. The firm has a market capitalization of $23.17 billion, a PE ratio of 10.88, a P/E/G ratio of 1.98 and a beta of 0.71. The firm’s 50-day moving average price is $108.67 and its 200 day moving average price is $104.56.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business earned $1.14 EPS. The business’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Entergy will post 7.22 EPS for the current fiscal year.

Insider Activity at Entergy

In related news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the transaction, the insider now directly owns 2,479 shares in the company, valued at $273,260.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at $235,465.86. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Entergy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tidemark LLC acquired a new position in Entergy during the 4th quarter worth approximately $25,000. Heritage Wealth Advisors increased its holdings in Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in Entergy in the third quarter valued at $32,000. OLD Point Trust & Financial Services N A purchased a new stake in Entergy during the 4th quarter worth about $35,000. Finally, CVA Family Office LLC acquired a new position in shares of Entergy during the 4th quarter worth about $41,000. 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.