Entergy (NYSE:ETR) Price Target Raised to $140.00 at KeyCorp

Entergy (NYSE:ETR) had its price objective hoisted by KeyCorp from $130.00 to $140.00 in a research note released on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the utilities provider’s stock.

A number of other research firms also recently commented on ETR. BMO Capital Markets increased their price objective on shares of Entergy from $124.00 to $131.00 and gave the company an outperform rating in a research note on Monday, August 5th. Argus raised shares of Entergy to a strong-buy rating in a research report on Wednesday, August 28th. Guggenheim boosted their price objective on Entergy from $118.00 to $128.00 and gave the company a buy rating in a report on Friday, August 2nd. Morgan Stanley increased their target price on Entergy from $109.00 to $115.00 and gave the stock an underweight rating in a report on Wednesday, September 25th. Finally, Barclays upgraded Entergy from an equal weight rating to an overweight rating and boosted their price target for the company from $115.00 to $138.00 in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $128.58.

Entergy Stock Performance

Shares of ETR stock opened at $133.00 on Monday. The company’s fifty day moving average price is $122.30 and its two-hundred day moving average price is $112.59. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The firm has a market capitalization of $28.40 billion, a P/E ratio of 13.34, a P/E/G ratio of 2.46 and a beta of 0.73. Entergy has a 12 month low of $88.97 and a 12 month high of $133.38.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business posted $1.84 earnings per share. On average, research analysts anticipate that Entergy will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 annualized dividend and a yield of 3.40%. Entergy’s dividend payout ratio is 45.34%.

Insider Buying and Selling

In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,549,090. The disclosure for this sale can be found here. Insiders have sold a total of 50,810 shares of company stock worth $6,140,626 in the last three months. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several hedge funds have recently bought and sold shares of the company. HBK Sorce Advisory LLC grew its position in shares of Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 92 shares during the period. Quent Capital LLC raised its holdings in shares of Entergy by 21.7% during the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 98 shares during the period. Delta Financial Advisors LLC lifted its position in Entergy by 0.5% in the 2nd quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock valued at $2,367,000 after acquiring an additional 105 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in Entergy by 1.3% in the 1st quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 114 shares during the period. Finally, First Bank & Trust increased its holdings in Entergy by 0.6% during the 2nd quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock worth $2,198,000 after purchasing an additional 116 shares in the last quarter. 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.