Entergy (NYSE:ETR) PT Lowered to $104.00 at Scotiabank

Entergy (NYSE:ETR) had its price target reduced by Scotiabank from $111.00 to $104.00 in a research note issued to investors on Monday, Benzinga reports. Scotiabank currently has a sector perform rating on the utilities provider’s stock.

Several other analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an outperform rating in a report on Monday, February 26th. KeyCorp upped their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an overweight rating in a report on Friday, April 19th. Royal Bank of Canada reaffirmed an outperform rating and issued a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. Finally, Barclays dropped their price objective on shares of Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $109.45.

Entergy Stock Up 1.0 %

ETR stock opened at $107.53 on Monday. The firm has a 50 day moving average of $103.28 and a 200 day moving average of $100.57. The stock has a market capitalization of $22.93 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.71. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. Entergy has a 52 week low of $87.10 and a 52 week high of $108.97.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). The business had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The firm’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. Sell-side analysts forecast that Entergy will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio is presently 40.76%.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Hedge funds have recently modified their holdings of the business. Tidemark LLC acquired a new stake in shares of Entergy in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in shares of Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after buying an additional 165 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at about $32,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at about $32,000. Finally, OLD Point Trust & Financial Services N A acquired a new stake in shares of Entergy in the fourth quarter valued at about $35,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.