Entergy (NYSE:ETR) PT Lowered to $107.00

Posted by Defense World Staff on May 23rd, 2023

Entergy (NYSE:ETR – Get Rating) had its price target reduced by Bank of America from $119.00 to $107.00 in a research report issued to clients and investors on Sunday, The Fly reports. Bank of America‘s price target suggests a potential upside of 6.55% from the stock’s current price.

A number of other analysts have also issued reports on ETR. Guggenheim lowered their target price on Entergy from $128.00 to $124.00 in a report on Monday, April 24th. LADENBURG THALM/SH SH started coverage on Entergy in a report on Monday, April 3rd. They set a “buy” rating and a $116.00 price objective on the stock. TheStreet raised Entergy from a “c+” rating to a “b-” rating in a report on Monday, April 17th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley lifted their price objective on Entergy from $97.00 to $106.00 and gave the stock an “underweight” rating in a report on Thursday, April 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $119.00.

Entergy Stock Performance

Shares of NYSE ETR opened at $100.42 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.66 and a current ratio of 0.90. The firm has a market cap of $21.23 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 5.30 and a beta of 0.65. The business’s 50-day simple moving average is $106.42 and its 200-day simple moving average is $108.53. Entergy has a 52 week low of $94.94 and a 52 week high of $122.46.

Entergy (NYSE:ETR – Get Rating) last released its earnings results on Wednesday, April 26th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.80 billion. Entergy had a net margin of 8.17% and a return on equity of 10.34%. During the same period last year, the business earned $1.32 EPS. As a group, equities research analysts expect that Entergy will post 6.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Entergy

In other Entergy news, EVP Marcus V. Brown sold 12,500 shares of Entergy stock in a transaction on Monday, February 27th. The stock was sold at an average price of $106.10, for a total value of $1,326,250.00. Following the completion of the transaction, the executive vice president now owns 9,129 shares in the company, valued at approximately $968,586.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Haley Fisackerly sold 3,890 shares of Entergy stock in a transaction on Monday, February 27th. The stock was sold at an average price of $108.42, for a total value of $421,753.80. Following the completion of the sale, the insider now directly owns 1,656 shares of the company’s stock, valued at approximately $179,543.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marcus V. Brown sold 12,500 shares of Entergy stock in a transaction on Monday, February 27th. The shares were sold at an average price of $106.10, for a total value of $1,326,250.00. Following the completion of the sale, the executive vice president now directly owns 9,129 shares of the company’s stock, valued at $968,586.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,903 shares of company stock worth $1,801,305. 0.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Entergy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC increased its stake in shares of Entergy by 75.2% in the 4th quarter. Lindbrook Capital LLC now owns 233 shares of the utilities provider’s stock valued at $26,000 after buying an additional 100 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Entergy by 1,019.0% during the first quarter. Financial Management Professionals Inc. now owns 235 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 214 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Entergy during the first quarter worth $26,000. Fairfield Bush & CO. acquired a new stake in shares of Entergy during the first quarter worth $29,000. Finally, Dark Forest Capital Management LP grew its stake in shares of Entergy by 1,618.8% during the fourth quarter. Dark Forest Capital Management LP now owns 275 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 259 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Entergy Company Profile

(Get Rating)

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.