Entergy Corporation (NYSE:ETR) Receives $121.05 Consensus PT from Analysts
by Michael Walen · The Markets DailyShares of Entergy Corporation (NYSE:ETR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $120.7895.
ETR has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. BMO Capital Markets boosted their price objective on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Evercore set a $123.00 target price on shares of Entergy in a report on Wednesday, June 10th. Wells Fargo & Company lifted their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, BTIG Research reissued a “buy” rating and set a $126.00 price target on shares of Entergy in a research report on Wednesday, June 10th.
Check Out Our Latest Analysis on ETR
Insider Activity
In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired 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 of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.
Hedge Funds Weigh In On Entergy
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after acquiring an additional 589,317 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Entergy in the 2nd quarter valued at about $4,861,376,000. State Street Corp raised its holdings in shares of Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares during the period. JPMorgan Chase & Co. lifted its stake in Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Entergy by 5.3% in the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after purchasing an additional 870,847 shares during the last quarter. 88.07% of the stock is owned by institutional investors.
Entergy Price Performance
ETR stock opened at $106.83 on Friday. The stock has a 50-day moving average price of $111.86 and a two-hundred day moving average price of $109.18. Entergy has a 1 year low of $86.40 and a 1 year high of $118.44. The stock has a market cap of $49.85 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.84 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:ETR – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy will post 4.4 EPS for the current fiscal year.
Entergy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is currently 65.64%.
About Entergy
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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