Entergy (NYSE:ETR) had its price objective decreased by analysts at Morgan Stanley from $82.00 to $76.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 2.73% from the company’s current price.

A number of other equities analysts also recently weighed in on ETR. UBS Group began coverage on Entergy in a report on Friday, February 2nd. They issued a “neutral” rating and a $82.00 target price on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $96.00 target price (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Jefferies Group upgraded Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Finally, Bank of America began coverage on Entergy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.50.

Entergy (NYSE ETR) opened at $73.98 on Tuesday. The firm has a market capitalization of $13,527.87, a PE ratio of -14.98, a PEG ratio of 2.11 and a beta of 0.50. Entergy has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management grew its stake in shares of Entergy by 1.4% in the 4th quarter. LSV Asset Management now owns 5,368,488 shares of the utilities provider’s stock valued at $436,941,000 after buying an additional 74,855 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Entergy by 32.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,798,700 shares of the utilities provider’s stock valued at $309,176,000 after buying an additional 928,800 shares in the last quarter. Millennium Management LLC grew its stake in shares of Entergy by 288.4% in the 4th quarter. Millennium Management LLC now owns 2,606,814 shares of the utilities provider’s stock valued at $212,169,000 after buying an additional 1,935,599 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Entergy by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 2,029,446 shares of the utilities provider’s stock valued at $164,847,000 after buying an additional 110,386 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Entergy by 39.5% in the 4th quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock valued at $162,873,000 after buying an additional 567,130 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

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About Entergy

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

Analyst Recommendations for Entergy (NYSE:ETR)

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