Entergy (NYSE:ETR) Price Target Raised to $101.00

Entergy (NYSE:ETR – Free Report) had its price objective upped by Morgan Stanley from $98.00 to $101.00 in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

Several other equities research analysts have also commented on the company. Barclays reissued an “overweight” rating and set a $115.00 price target (down from $128.00) on shares of Entergy in a research note on Monday. BMO Capital Markets raised their price objective on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price objective on Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Evercore reaffirmed an “outperform” rating and set a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Finally, KeyCorp lowered their target price on Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Twenty investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $121.25.

View Our Latest Report on Entergy

Entergy Stock Down 0.7%

Shares of NYSE ETR opened at $107.39 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy has a 52 week low of $90.87 and a 52 week high of $118.44. The firm has a 50-day moving average price of $104.27 and a 200 day moving average price of $109.42. The stock has a market capitalization of $50.11 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46.

Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping 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 firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy will post 4.40 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, August 13th. Entergy’s dividend payout ratio is 65.64%.

Insider Buying and Selling at Entergy

In related news, insider Laura R. Landreaux sold 5,600 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the transaction, the insider owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

Hedge funds and other institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new position in shares of Entergy during the second quarter valued at approximately $28,000. City State Bank boosted its position in Entergy by 439.6% during the third quarter. City State Bank now owns 259 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Pingora Partners LLC acquired a new stake in Entergy during the second quarter worth approximately $30,000. Bank of New Hampshire grew its stake in Entergy by 303.0% in the 3rd quarter. Bank of New Hampshire now owns 266 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 200 shares during the period. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Entergy in the 1st quarter worth approximately $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Company Profile

(Get Free Report)

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.

Further Reading

Analyst Recommendations for Entergy (NYSE:ETR)

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