Entergy (NYSE:ETR) PT Lowered to $107.00

Entergy (NYSE:ETR) had its price target cut by Barclays from $108.00 to $107.00 in a research report released on Monday, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an outperform rating in a research note on Monday, February 26th. Royal Bank of Canada reaffirmed an outperform rating and set a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of Moderate Buy and an average price target of $109.78.

Entergy Price Performance

Shares of ETR opened at $103.75 on Monday. The firm has a market capitalization of $22.12 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71. The company’s fifty day moving average price is $102.44 and its 200-day moving average price is $100.01. Entergy has a 1-year low of $87.10 and a 1-year high of $109.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that Entergy will post 7.22 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.36%. Entergy’s payout ratio is currently 40.76%.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares in the company, valued at $1,019,247.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,000 shares of company stock valued at $1,226,685. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of hedge funds have recently added to or reduced their stakes in ETR. EverSource Wealth Advisors LLC lifted its holdings in Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after buying an additional 165 shares in the last quarter. Tidemark LLC acquired a new stake in Entergy during the 4th quarter worth approximately $25,000. Fairfield Bush & CO. acquired a new stake in shares of Entergy in the 1st quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy in the 3rd quarter valued at $32,000. Finally, Fortis Group Advisors LLC acquired a new stake in shares of Entergy in the 3rd quarter valued at $32,000. 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.