UBS Group Increases Entergy (NYSE:ETR) Price Target to $180.00

Entergy (NYSE:ETR) had its price target hoisted by stock analysts at UBS Group from $144.00 to $180.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price would suggest a potential upside of 17.46% from the company’s previous close.

A number of other research firms have also weighed in on ETR. Wells Fargo & Company boosted their price target on shares of Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Scotiabank boosted their price target on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. KeyCorp upped their price objective on Entergy from $143.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Barclays upped their price objective 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, Guggenheim lifted their price objective on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.19.

Entergy Trading Down 1.9 %

NYSE:ETR traded down $2.92 during mid-day trading on Tuesday, hitting $153.25. 1,695,175 shares of the company’s stock were exchanged, compared to its average volume of 1,747,730. The company has a 50 day simple moving average of $140.89 and a 200-day simple moving average of $123.47. The firm has a market capitalization of $32.86 billion, a P/E ratio of 18.67, a PEG ratio of 2.61 and a beta of 0.71. Entergy has a fifty-two week low of $96.15 and a fifty-two week high of $158.07. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Shares of Entergy are set to split before the market opens on Friday, December 13th. The 2-1 split was announced on Thursday, October 31st. The newly created shares will be issued to shareholders after the closing bell on Thursday, December 12th.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion during 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 period last year, the company earned $3.27 earnings per share. As a group, research analysts expect that Entergy will post 7.22 earnings per share for the current year.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of Entergy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the sale, the insider now owns 2,016 shares of the company’s stock, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eliecer Viamontes sold 200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total value of $29,400.00. Following the completion of the sale, the insider now owns 4,173 shares of the company’s stock, valued at approximately $613,431. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,506 shares of company stock valued at $2,073,670 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in Entergy in the 3rd quarter worth approximately $27,000. Fortitude Family Office LLC lifted its stake in shares of Entergy by 423.8% in the 3rd 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 last quarter. Cetera Trust Company N.A bought a new stake in Entergy in the third quarter worth $29,000. Iron Horse Wealth Management LLC purchased a new position in shares of Entergy during the 2nd quarter worth about $25,000. Finally, Coastline Trust Co bought a new position in shares of Entergy during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.