Brokerages Set Entergy Corporation (NYSE:ETR) PT at $121.05

Shares of Entergy Corporation (NYSE:ETRGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $121.0526.

A number of analysts have weighed in on ETR shares. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Citigroup restated a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th.

Check Out Our Latest Report on ETR

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Entergy during the 2nd quarter worth approximately $4,861,376,000. JPMorgan Chase & Co. grew its holdings in shares of Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares in the last quarter. Norges Bank bought a new position in shares of Entergy in the fourth quarter valued at approximately $528,313,000. Deutsche Bank AG purchased a new stake in shares of Entergy during the second quarter valued at approximately $289,303,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Entergy during the second quarter valued at approximately $277,819,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.1%

Shares of ETR opened at $107.26 on Friday. The stock’s 50-day moving average price is $111.95 and its two-hundred day moving average price is $108.83. Entergy has a 12 month low of $86.40 and a 12 month high of $118.44. The company has a market capitalization of $50.05 billion, a PE ratio of 27.50, a PEG ratio of 1.83 and a beta of 0.50. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETRGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Entergy will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is currently 65.64%.

About Entergy

(Get Free Report)

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.

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Analyst Recommendations for Entergy (NYSE:ETR)

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