Entergy Corporation (NYSE:ETR) Receives $119.68 Average Price Target from Brokerages

Entergy Corporation (NYSE:ETR) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $119.6842.

ETR has been the topic of several recent research reports. Barclays reduced their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Mizuho set a $122.00 target price on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, BMO Capital Markets set a $123.00 target price on shares of Entergy in a report on Wednesday, June 10th.

Entergy Stock Up 1.0%

Shares of ETR opened at $112.24 on Thursday. The firm has a market cap of $51.39 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. The company’s fifty day moving average is $112.03 and its two-hundred day moving average is $104.14. Entergy has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter last year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s payout ratio is 65.31%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. United Community Bank increased its stake in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares during the period. Washington Trust Advisors Inc. increased its stake in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the period. Union Savings Bank purchased a new stake in Entergy during the 4th quarter worth $28,000. Fairway Wealth LLC purchased a new stake in Entergy during the 1st quarter worth $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Entergy during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.