JPMorgan Chase & Co. Increases Entergy (NYSE:ETR) Price Target to $141.00

Entergy (NYSE:ETR) had its target price increased by analysts at JPMorgan Chase & Co. from $131.00 to $141.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.23% from the company’s current price.

Other analysts also recently issued reports about the stock. KeyCorp increased their price target on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets increased their price target on shares of Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays lowered their price target on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company increased their price target on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Scotiabank increased their price target on shares of Entergy from $104.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.73.

Entergy Stock Down 0.2 %

NYSE:ETR opened at $117.28 on Monday. The firm has a market capitalization of $25.04 billion, a P/E ratio of 11.76, a PEG ratio of 2.29 and a beta of 0.71. Entergy has a 1-year low of $87.10 and a 1-year high of $123.61. The company’s fifty day moving average price is $110.11 and its 200-day moving average price is $106.65. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.45.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the prior year, the business earned $1.84 earnings per share. As a group, equities research analysts anticipate that Entergy will post 7.21 EPS for the current year.

Insider Activity

In related news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently made changes to their positions in ETR. Sequoia Financial Advisors LLC acquired a new stake in shares of Entergy during the fourth quarter valued at about $223,000. Mutual of America Capital Management LLC increased its position in shares of Entergy by 8.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 49,005 shares of the utilities provider’s stock valued at $4,959,000 after acquiring an additional 3,792 shares during the last quarter. Cerity Partners LLC increased its position in shares of Entergy by 141.6% during the fourth quarter. Cerity Partners LLC now owns 107,081 shares of the utilities provider’s stock valued at $10,836,000 after acquiring an additional 62,758 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Entergy during the fourth quarter valued at about $238,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Entergy during the fourth quarter valued at about $1,295,000. 88.07% of the stock is currently 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.