Entergy (NYSE:ETR) had its target price upped by equities research analysts at Bank of America from $125.00 to $128.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the utilities provider’s stock. Bank of America‘s price target would suggest a potential upside of 10.08% from the stock’s previous close.
Several other brokerages also recently issued reports on ETR. Citigroup raised their price objective on shares of Entergy from $109.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. They noted that the move was a valuation call. ValuEngine downgraded shares of Entergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price target on Entergy from $116.00 to $129.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. UBS Group cut Entergy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $115.00 to $126.00 in a research report on Thursday, October 31st. Finally, Morgan Stanley boosted their price target on Entergy from $112.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $116.30.
Shares of NYSE ETR opened at $116.28 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.69. Entergy has a twelve month low of $82.06 and a twelve month high of $122.09. The stock has a 50 day moving average of $117.36 and a two-hundred day moving average of $109.65. The stock has a market cap of $23.17 billion, a P/E ratio of 15.91, a P/E/G ratio of 3.13 and a beta of 0.26.
Several hedge funds have recently added to or reduced their stakes in ETR. Millennium Management LLC boosted its holdings in Entergy by 174.1% in the 3rd quarter. Millennium Management LLC now owns 1,965,094 shares of the utilities provider’s stock valued at $230,623,000 after purchasing an additional 1,248,178 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Entergy by 8.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,064,350 shares of the utilities provider’s stock valued at $1,035,924,000 after acquiring an additional 744,690 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Entergy by 1,812.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 719,883 shares of the utilities provider’s stock worth $84,485,000 after purchasing an additional 682,238 shares in the last quarter. Morgan Stanley boosted its position in shares of Entergy by 192.6% during the 2nd quarter. Morgan Stanley now owns 1,014,641 shares of the utilities provider’s stock worth $104,436,000 after purchasing an additional 667,875 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Entergy by 497.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 769,597 shares of the utilities provider’s stock worth $90,320,000 after purchasing an additional 640,734 shares during the period. Institutional investors own 86.05% of the company’s stock.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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