BMO Capital Markets Has Lowered Expectations for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR) had its price target reduced by investment analysts at BMO Capital Markets from $94.00 to $89.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 10.96% from the company’s previous close.

Other analysts also recently issued reports about the company. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Morgan Stanley lifted their price target on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Barclays raised their price target on Entergy from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Entergy Stock Performance

Entergy stock opened at $80.21 on Friday. The company’s 50-day moving average price is $83.48 and its 200-day moving average price is $77.15. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market cap of $34.55 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy has a twelve month low of $50.19 and a twelve month high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.26 earnings per share. On average, equities research analysts forecast that Entergy will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Entergy

Institutional investors have recently bought and sold shares of the business. Fortis Group Advisors LLC increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares during the period. NBT Bank N A NY boosted its position in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank raised its holdings in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Glen Eagle Advisors LLC lifted its position in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after buying an additional 180 shares during the last quarter. 88.07% of the stock is 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.