Evercore ISI Issues Positive Forecast for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR) had its price target upped by stock analysts at Evercore ISI from $75.00 to $86.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the utilities provider’s stock. Evercore ISI’s price target indicates a potential downside of 1.13% from the stock’s current price.

ETR has been the subject of several other research reports. BMO Capital Markets decreased their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a report on Monday, November 18th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $58.00 to $75.00 in a report on Monday, November 4th. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Finally, Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.11.

Entergy Stock Performance

NYSE ETR traded down $0.42 on Wednesday, reaching $86.98. The stock had a trading volume of 970,911 shares, compared to its average volume of 3,687,674. The firm has a fifty day moving average of $78.74 and a two-hundred day moving average of $71.08. Entergy has a 1-year low of $49.80 and a 1-year high of $88.38. The company has a market cap of $37.30 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 2.52 and a beta of 0.72. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, equities research analysts anticipate that Entergy will post 3.63 EPS for the current year.

Insider Buying and Selling

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of Entergy in the third quarter valued at $27,000. Fortitude Family Office LLC grew its stake in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Entergy in the 3rd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Entergy during the 3rd quarter valued at about $42,000. Finally, NBT Bank N A NY lifted its holdings in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors 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.