Entergy (NYSE:ETR) Price Target Cut to $159.00 by Analysts at BMO Capital Markets

Entergy (NYSE:ETR) had its price target cut by investment analysts at BMO Capital Markets from $166.00 to $159.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 6.14% from the company’s current price.

ETR has been the topic of several other research reports. Guggenheim increased their price target on shares of Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group raised their target price on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. Mizuho raised their target price on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Barclays raised their target price on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada raised their target price on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $150.42.

Entergy Trading Up 0.5 %

Shares of ETR traded up $0.68 during mid-day trading on Monday, reaching $149.80. The stock had a trading volume of 224,680 shares, compared to its average volume of 1,610,219. 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 has a 52-week low of $96.15 and a 52-week high of $156.85. The business’s fifty day moving average is $135.02 and its 200 day moving average is $120.19. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.49 and a beta of 0.71.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the prior year, the company posted $3.27 earnings per share. On average, sell-side analysts predict that Entergy will post 7.21 EPS for the current fiscal year.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the transaction, the insider now owns 2,016 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the transaction, the insider now owns 5,117 shares of the company’s stock, valued at approximately $614,040. This represents a 50.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock valued at $5,076,328 in the last 90 days. 0.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Entergy

Institutional investors and hedge funds have recently made changes to their positions in the business. Iron Horse Wealth Management LLC purchased a new position in shares of Entergy during the 2nd quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Entergy in the third quarter worth $27,000. Cetera Trust Company N.A acquired a new stake in Entergy in the third quarter worth $29,000. Fortitude Family Office LLC increased its holdings in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares during the period. Finally, American National Bank increased its holdings in shares of Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.