Entergy (NYSE:ETR) Stock Price Expected to Rise, Mizuho Analyst Says

Entergy (NYSE:ETR) had its target price hoisted by Mizuho from $138.00 to $165.00 in a report released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the utilities provider’s stock.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $116.00 to $150.00 in a report on Monday. BMO Capital Markets upped their price objective on shares of Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Scotiabank raised their target price 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. Barclays lowered their price target on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Finally, UBS Group boosted their price objective on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Entergy Stock Up 0.1 %

NYSE:ETR opened at $146.06 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. Entergy has a twelve month low of $94.85 and a twelve month high of $156.85. The company has a market cap of $31.32 billion, a PE ratio of 17.79, a P/E/G ratio of 2.69 and a beta of 0.71. The company’s 50 day moving average is $131.25 and its two-hundred day moving average is $118.08.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the previous year, the company earned $3.27 earnings per share. Analysts anticipate that Entergy will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.29%. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio is currently 55.05%.

Insiders Place Their Bets

In other news, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,092,241.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,140,475.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,138 shares of company stock valued at $4,430,838 in the last 90 days. 0.54% of the stock is owned by insiders.

Institutional Trading of Entergy

Several large investors have recently added to or reduced their stakes in ETR. Fortitude Family Office LLC raised its holdings in shares of Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares during the period. Cetera Trust Company N.A acquired a new stake in Entergy during the third quarter worth about $29,000. Iron Horse Wealth Management LLC acquired a new stake in Entergy during the second quarter worth about $25,000. Coastline Trust Co purchased a new position in Entergy during the third quarter worth about $31,000. Finally, Heritage Wealth Advisors boosted its holdings in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Entergy

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.