Entergy (NYSE:ETR) Price Target Raised to $96.00

Entergy (NYSE:ETR) had its price objective upped by UBS Group from $86.00 to $96.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the utilities provider’s stock.

Several other research analysts also recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday. BMO Capital Markets boosted their target price on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Evercore ISI increased their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. LADENBURG THALM/SH SH raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.75.

Entergy Price Performance

NYSE ETR opened at $83.74 on Friday. Entergy has a 1 year low of $50.19 and a 1 year high of $88.38. The business’s fifty day moving average is $82.90 and its two-hundred day moving average is $75.16. The stock has a market capitalization of $36.07 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68. 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 announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the business posted $0.26 earnings per share. On average, research analysts forecast that Entergy will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio is 98.77%.

Institutional Investors Weigh In On Entergy

Several institutional investors and hedge funds have recently modified their holdings of ETR. Fortis Group Advisors LLC lifted its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. NBT Bank N A NY grew its position in 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 during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Entergy in the 3rd quarter worth $27,000. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the period. Finally, Sandy Spring Bank raised its holdings in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 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.