JPMorgan Chase & Co. Lowers Entergy (NYSE:ETR) Price Target to $108.00

Entergy (NYSE:ETR) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $113.00 to $108.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.51% from the company’s current price.

ETR has been the subject of several other research reports. Mizuho increased their target price on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $91.00 price target on Entergy in a research report on Thursday, November 20th. KeyCorp reissued an “overweight” rating and set a $106.00 target price (up previously from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Finally, Evercore ISI lifted their price objective on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.78.

Entergy Price Performance

ETR stock traded up $0.17 during mid-day trading on Thursday, reaching $93.50. 987,787 shares of the company traded hands, compared to its average volume of 3,255,729. The company has a fifty day moving average price of $95.55 and a 200-day moving average price of $89.57. The company has a market capitalization of $41.76 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy has a 52-week low of $73.15 and a 52-week high of $98.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last released its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The firm had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. As a group, analysts anticipate that Entergy will post 3.88 earnings per share for the current year.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider directly owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 10,179 shares of company stock worth $981,707 over the last ninety days. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several large investors have recently added to or reduced their stakes in ETR. MFA Wealth Services increased its position in shares of Entergy by 3.8% during the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 107 shares during the period. Guidance Capital Inc. boosted its stake in shares of Entergy by 0.8% in the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after buying an additional 112 shares during the period. Physician Wealth Advisors Inc. increased its stake in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 116 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Entergy by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after acquiring an additional 118 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.