Brokerages Set Entergy Corporation (NYSE:ETR) Target Price at $120.84

Shares of Entergy Corporation (NYSE:ETR) have been given an average recommendation of “Moderate Buy” by the twenty research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $120.8421.

ETR has been the subject of a number of research reports. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. BTIG Research restated a “buy” rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Evercore reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. BMO Capital Markets lifted their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th.

Entergy Stock Performance

NYSE:ETR opened at $107.72 on Tuesday. The firm’s 50-day moving average is $110.49 and its 200-day moving average is $110.12. Entergy has a 52-week low of $86.40 and a 52-week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The company has a market cap of $50.27 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.39 and a beta of 0.49.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating 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 business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the business 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 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy’s dividend payout ratio is 65.64%.

Insider Buying and Selling

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Entergy by 11,763.2% during the second quarter. California State Teachers Retirement System now owns 61,144,343 shares of the utilities provider’s stock worth $7,023,039,000 after acquiring an additional 60,628,930 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Entergy in the 2nd quarter valued at $4,861,376,000. Bank of America Corp DE acquired a new stake in shares of Entergy in the 2nd quarter valued at $1,991,669,000. JPMorgan Chase & Co. grew its holdings in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Entergy in the 4th quarter worth about $528,313,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.