Entergy (NYSE:ETR) Hits New 12-Month High – Should You Buy?

Entergy Corporation (NYSE:ETR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $116.78 and last traded at $117.3570, with a volume of 143177 shares trading hands. The stock had previously closed at $114.61.

Analyst Upgrades and Downgrades

ETR has been the topic of several research reports. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. TD Cowen initiated coverage on Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 target price on the stock. UBS Group restated a “buy” rating and issued a $105.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Finally, BMO Capital Markets boosted their target price on Entergy from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.17.

Entergy Trading Up 2.3%

The business has a 50 day moving average of $104.64 and a two-hundred day moving average of $98.03. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a market cap of $53.67 billion, a P/E ratio of 29.99, a PEG ratio of 2.27 and a beta of 0.57.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio is currently 65.47%.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Several large investors have recently modified their holdings of ETR. Hsbc Holdings PLC lifted its position in shares of Entergy by 13.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,161,524 shares of the utilities provider’s stock worth $107,441,000 after buying an additional 135,390 shares during the last quarter. Forty three Eighteen Advisors LLC bought a new stake in shares of Entergy during the 4th quarter worth $1,199,000. Rockefeller Capital Management L.P. lifted its position in shares of Entergy by 45.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 374,145 shares of the utilities provider’s stock worth $34,582,000 after buying an additional 117,009 shares during the last quarter. World Investment Advisors lifted its position in shares of Entergy by 170.6% during the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,599,000 after buying an additional 38,195 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Entergy by 2.9% during the 4th quarter. Corient Private Wealth LLC now owns 105,392 shares of the utilities provider’s stock worth $9,742,000 after buying an additional 2,994 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Company Profile

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.