Entergy (NYSE:ETR) Price Target Raised to $96.00

Entergy (NYSE:ETR) had its target price lifted by equities researchers at UBS Group from $86.00 to $96.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price suggests a potential upside of 14.90% from the stock’s current price.

ETR has been the topic of a number of other reports. Wells Fargo & Company lifted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Evercore ISI lifted their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. BMO Capital Markets upped their price target on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, Scotiabank lowered their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $84.75.

Entergy Stock Performance

ETR traded down $1.09 on Friday, reaching $83.55. The company had a trading volume of 1,007,181 shares, compared to its average volume of 3,296,470. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy has a 1 year low of $50.19 and a 1 year high of $88.38. The stock has a market capitalization of $35.96 billion, a PE ratio of 34.33, a P/E/G ratio of 2.34 and a beta of 0.68. The stock has a 50-day moving average price of $82.75 and a 200-day moving average price of $74.80.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the firm earned $0.26 EPS. As a group, research analysts forecast that Entergy will post 3.88 EPS for the current fiscal year.

Institutional Trading of Entergy

Several large investors have recently bought and sold shares of the company. Acropolis Investment Management LLC boosted its position in shares of Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 69 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock valued at $1,065,000 after purchasing an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Entergy by 1.3% in the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider’s stock valued at $952,000 after purchasing an additional 91 shares in the last quarter. Gen Wealth Partners Inc grew its position 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 purchasing an additional 144 shares during the last quarter. Finally, Hall Laurie J Trustee increased its stake in shares of 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 purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Entergy

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.