Entergy (NYSE:ETR – Get Rank) had its price objective raised by Wells Fargo & Company from $135.00 to $140.00 in a research note issued to investors on Tuesday, reports The Fly. Wells Fargo & Company’s price target would indicate an upside potential of 15.38% from the company’s current price.
Several other analysts have also recently commented on the ETR. Goldman Sachs Group set a price objective of $224.00 on Entergy in a research note on Monday, May 16. Sanford C. Bernstein set a price target of $100.00 for Entergy and gave the company a “market performance” rating in a research note on Tuesday, May 17th. Baader Bank set a price target of $188.00 for Entergy in a research note on Wednesday, May 18. Barclays set a price target of $42.00 for Entergy in a research note on Monday, May 16. Finally, Warburg Research set a price target of $177.00 for Entergy in a research note on Monday, May 16. One analyst rated the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, Entergy has an average rating of “Hold” and a consensus price target of $127.36.
Entergy shares opened at $121.34 on Tuesday. The company has a market capitalization of $24.68 billion, a PE ratio of 23.16, a PEG ratio of 3.12 and a beta of 0.58. Entergy has a 12-month low of $98.50 and a 12-month high of $126.82. The company has a current liquidity ratio of 0.72, an immediate liquidity ratio of 0.49 and a debt-to-equity ratio of 2.24. The stock’s fifty-day simple moving average is $120.17 and its 200-day simple moving average is $112.65.
Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The utility provider reported $1.32 per EPS for the quarter, missing the consensus estimate of $1.38 per ($0.06). The business had revenue of $2.88 billion for the quarter, compared with analyst estimates of $2.90 billion. Entergy had a return on equity of 10.44% and a net margin of 8.99%. During the same period of the previous year, the business recorded $1.47 EPS. Analysts predict Entergy will post 6.34 EPS for the current fiscal year.
In related news, CEO Leo P. Denault sold 2,901 shares of Entergy in a transaction dated Friday, March 25th. The share sold at an average price of $115.01 for a total transaction of $333,644.01. The transaction was disclosed in a legal document with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, source Deanna D. Rodriguez sold 256 shares of Entergy in a transaction dated Friday, April 29. The stock sold at an average price of $120.22 for a total value of $30,776.32. After the transaction, the insider now owns 3,108 shares of the company, valued at approximately $373,643.76. Disclosure for this sale can be found here. Insiders sold a total of 205,475 shares of the company valued at $24,357,969 in the past 90 days. 0.37% of the shares are owned by corporate insiders.
Institutional investors have recently bought and sold shares in the company. CNB Bank purchased a new position in Entergy during the first quarter worth about $27,000. Fairfield Bush & CO. purchased a new stake in Entergy stock during the first quarter worth approximately $29,000. Sandy Cove Advisors LLC purchased a new equity interest in Entergy during the fourth quarter worth approximately $29,000. GW&K Investment Management LLC purchased a new stake in Entergy stock during the first quarter worth approximately $32,000. Finally, Riverview Trust Co purchased a new equity interest in Entergy during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 88.94% of the company’s shares.
About Entergy (Get Rating)
Entergy Corporation, along with its subsidiaries, is active in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The utilities segment generates, transmits, distributes and sells electrical energy in parts of Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans; and distributes natural gas.
Get news and reviews from Entergy Daily – Enter your email address below to receive a concise daily summary of the latest news and ratings from Entergy analysts and related companies in MarketBeat.com’s free daily email newsletter.