Entergy (NYSE:ETR) Price Target Raised to $91.00

Entergy (NYSE:ETR) had its price objective hoisted by Barclays from $88.00 to $91.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

Other analysts also recently issued reports about the company. Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $85.75.

Entergy Stock Up 1.3 %

ETR opened at $84.47 on Thursday. The stock has a fifty day moving average of $83.33 and a 200-day moving average of $79.10. The company has a market capitalization of $36.39 billion, a P/E ratio of 34.69, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $0.54 EPS. On average, equities analysts expect that Entergy will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.84%. Entergy’s dividend payout ratio is presently 77.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ETR. Acropolis Investment Management LLC increased its position in Entergy by 0.7% in the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock valued at $1,535,000 after buying an additional 129 shares in the last quarter. Gen Wealth Partners Inc grew its stake in Entergy by 27.5% in the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 144 shares during the period. Hall Laurie J Trustee increased its holdings in shares of Entergy by 50.0% during the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Entergy by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider’s stock worth $2,224,000 after purchasing an additional 162 shares during the period. Finally, NBT Bank N A NY lifted its holdings in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds 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.