Entergy (NYSE:ETR) Hits New 52-Week High – What’s Next?

Shares of Entergy Corporation (NYSE:ETR) hit a new 52-week high during trading on Friday . The stock traded as high as $111.50 and last traded at $111.50, with a volume of 221 shares changing hands. The stock had previously closed at $105.48.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ETR. Wells Fargo & Company upped their price objective on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $98.00 price target on Entergy in a research report on Friday, February 20th. KeyCorp boosted their price objective on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Finally, Mizuho set a $112.00 target price on Entergy in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.61.

Entergy Price Performance

The company has a market cap of $47.32 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.10 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The firm has a 50 day moving average price of $98.21 and a two-hundred day moving average price of $94.82.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS 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 for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a $0.64 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. Entergy’s payout ratio is 65.47%.

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Entergy by 54.9% during 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. Norges Bank bought a new position in shares of Entergy during the fourth quarter valued at about $528,313,000. Boston Partners increased its holdings in shares of Entergy by 114.9% in the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after buying an additional 3,710,814 shares during the period. Morgan Stanley lifted its stake in shares of Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after acquiring an additional 1,986,369 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Entergy by 89.6% during the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after acquiring an additional 1,826,782 shares during the period. 88.07% of the stock is currently owned by institutional investors.

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.