Entergy (NYSE:ETR) given a price target of $123.00 by UBS Group analysts
Entergy (NYSE: ETR – Get a rating) received a price target of $123.00 from UBS Group equity analysts in a research report released Monday to clients and investors, Target Stock Advisor reports. The UBS Group price target indicates a potential upside of 20.05% from the stock’s previous close.
ETR has been the subject of several other research reports. Credit Suisse Group set a price target of $142.00 on Entergy in a Monday, May 16 report. Sanford C. Bernstein set a price target of $100.00 on Entergy and gave the company a “market performance” rating in a Tuesday, May 17 report. Baader Bank set a price target of $188.00 on Entergy in a Wednesday, May 18 report. Hauck Aufhäuser In… set a price target of $28.00 on Entergy in a Wednesday, May 18 report. Finally, Wells Fargo & Company raised its price target on Entergy from $135.00 to $140.00 and gave the company an “overweight” rating in a Tuesday, June 7 report. One research analyst rated the stock with a sell rating, four gave the company’s stock a hold rating and four gave the company’s stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.57.
Shares of NYSE ETR traded at $3.41 during Monday trading hours, rising to $102.46. The company had a trading volume of 64,163 shares, compared to an average volume of 1,223,679. The stock has a market capitalization of $20.84 billion, a P/E ratio of 19.55, a price ratio /growth earnings of 2.66 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt ratio of 2.24. Entergy has a 1-year low of $98.50 and a 1-year high of $126.82. The company’s 50-day moving average is $118.65 and its 200-day moving average is $113.13.
Entergy (NYSE: ETR – Get a rating) last released its quarterly earnings data on Wednesday, April 27. The utility provider reported EPS of $1.32 for the quarter, missing the consensus estimate of $1.38 per ($0.06). The company posted revenue of $2.88 billion in the quarter, versus analyst estimates of $2.90 billion. Entergy had a net margin of 8.99% and a return on equity of 10.44%. During the same period a year earlier, the company posted EPS of $1.47. On average, sell-side analysts expect Entergy to post earnings per share of 6.34 for the current year.
Separately, Chief Financial Officer Andrew S. Marsh sold 1,300 shares of the company in a trade on Friday, March 25. The stock was sold at an average price of $115.02, for a total value of $149,526.00. The sale was disclosed in a legal filing with the SEC, available at this hyperlink. Additionally, COO Paul D. Hinnenkamp sold 6,500 shares of the company in a trade on Friday, May 27. The stock was sold at an average price of $120.94, for a total value of $786,110.00. Following the completion of the transaction, the COO now owns 26,102 shares of the company, valued at approximately $3,156,775.88. Disclosure of this sale can be found here. Insiders sold 205,290 shares of the company worth $24,337,828 in the past 90 days. 0.37% of the shares are held by insiders of the company.
A number of institutional investors have recently increased or reduced their holdings in ETR. CNB Bank bought a new position in Entergy in the first quarter worth around $27,000. Sandy Cove Advisors LLC bought a new position in Entergy in the fourth quarter worth about $29,000. Fairfield Bush & CO. bought a new position in Entergy in the first quarter worth about $29,000. Riverview Trust Co bought a new position in Entergy in the first quarter worth approximately $32,000. Finally, GW&K Investment Management LLC bought a new position in Entergy in the first quarter worth approximately $32,000. Hedge funds and other institutional investors hold 88.94% of the company’s shares.
About Entergy (Get a rating)
Entergy Corporation, together with its subsidiaries, is engaged in the generation and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utilities segment generates, transmits, distributes and sells electricity in parts of Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans; and distributes natural gas.
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