KeyCorp Increases Entergy (NYSE:ETR) Price Target to $140.00

Entergy (NYSE:ETR) had its price objective increased by investment analysts at KeyCorp from $130.00 to $140.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price would indicate a potential upside of 5.31% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Guggenheim upped their price objective on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays raised Entergy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $115.00 to $138.00 in a report on Tuesday, September 17th. Morgan Stanley lifted their price objective on Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Bank of America upped their target price on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, UBS Group lifted their price target 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.58.

Entergy Trading Up 1.0 %

Entergy stock opened at $132.94 on Monday. Entergy has a 12 month low of $87.10 and a 12 month high of $133.38. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. The business’s fifty day simple moving average is $121.45 and its two-hundred day simple moving average is $112.30. The company has a market capitalization of $28.39 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 2.46 and a beta of 0.73.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period in the prior year, the firm posted $1.84 EPS. As a group, equities analysts predict that Entergy will post 7.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction 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 owns 34,993 shares in the company, valued at approximately $4,549,090. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock worth $6,140,626 over the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Entergy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its holdings in Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after buying an additional 2,075,776 shares in the last quarter. Capital International Investors boosted its holdings in shares of Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares during the last quarter. Millennium Management LLC grew its position in shares of Entergy by 185.5% during the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after purchasing an additional 1,219,419 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of Entergy in the first quarter worth about $92,257,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Entergy by 12.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after buying an additional 763,834 shares in the last quarter. Institutional investors 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.