Entergy (NYSE:ETR) Price Target Raised to $101.00

by · The Markets Daily

Entergy (NYSE:ETR – Free Report) had its price target boosted by Evercore ISI from $98.00 to $101.00 in a research report released on Thursday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the utilities provider’s stock.

ETR has been the topic of a number of other research reports. Barclays set a $100.00 price target on Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. KeyCorp reissued an “overweight” rating and issued a $106.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Finally, Scotiabank set a $105.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.37.

Check Out Our Latest Report on ETR

Entergy Stock Performance

NYSE:ETR opened at $96.17 on Thursday. The company has a 50-day moving average of $92.31 and a 200-day moving average of $87.19. The firm has a market cap of $42.93 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 1.62. Entergy has a twelve month low of $70.21 and a twelve month high of $98.58.

Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion for the quarter. Analysts forecast that Entergy will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Entergy

Several institutional investors and hedge funds have recently modified their holdings of ETR. Choreo LLC lifted its stake in shares of Entergy by 12.3% in the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock valued at $816,000 after purchasing an additional 1,042 shares during the last quarter. First American Trust FSB acquired a new position in Entergy during the 1st quarter worth $3,896,000. Zurich Insurance Group Ltd FI bought a new stake in Entergy during the first quarter valued at about $32,658,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Entergy by 26.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock valued at $8,219,000 after acquiring an additional 19,862 shares during the period. Finally, G&S Capital LLC bought a new stake in Entergy during the second quarter valued at about $2,557,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Company Profile

(Get Free Report)

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.

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