Entergy Corporation (NYSE:ETR) Receives $109.17 Consensus Target Price from Brokerages

Entergy Corporation (NYSE:ETR) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $110.1667.

Several analysts have commented on ETR shares. UBS Group restated a “buy” rating and issued a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. BMO Capital Markets raised their price objective on shares of Entergy from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. TD Cowen started coverage on shares of Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. Finally, Siebert Williams Shank started coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective for the company.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the transaction, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

Large investors have recently made changes to their positions in the business. New York State Teachers Retirement System raised its holdings in Entergy by 5.4% in the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock worth $40,408,000 after acquiring an additional 22,148 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after acquiring an additional 7,000 shares during the last quarter. Nordea Investment Management AB raised its holdings in Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after acquiring an additional 13,841 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Entergy by 13.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after acquiring an additional 7,212 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of ETR opened at $114.58 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. Entergy has a one year low of $75.57 and a one year high of $115.61. The company has a 50-day simple moving average of $103.93 and a two-hundred day simple moving average of $97.73. The firm has a market capitalization of $52.45 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57.

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

Entergy Dividend Announcement

The business 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. The ex-dividend date is Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.2%. Entergy’s dividend payout ratio (DPR) is 65.47%.

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.