Entergy (NYSE:ETR) Price Target Cut to $117.00 by Analysts at BTIG Research

Entergy (NYSE:ETR) had its price target trimmed by BTIG Research from $126.00 to $117.00 in a report issued on Tuesday. The brokerage currently has a buy rating on the utilities provider’s stock.

ETR has been the topic of a number of other reports. Morgan Stanley boosted their target price on shares of Entergy from $98.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Truist Financial set a $119.00 target price on Entergy and gave the company a “buy” rating in a research report on Monday, October 12th. KeyCorp reduced their price target on Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $121.14.

Entergy Stock Performance

Shares of NYSE ETR traded up $1.12 during midday trading on Tuesday, hitting $106.28. 775,321 shares of the stock traded hands, compared to its average volume of 2,975,715. Entergy has a one year low of $90.87 and a one year high of $118.44. The firm has a market capitalization of $49.60 billion, a P/E ratio of 27.26, a PEG ratio of 2.32 and a beta of 0.46. 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 firm has a 50-day moving average of $104.28 and a two-hundred day moving average of $109.55.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same period last year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Entergy will post 4.40 EPS for the current fiscal year.

Entergy Announces Dividend

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

Insiders Place Their Bets

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laura Landreaux sold 5,600 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the transaction, the insider owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New Hampshire boosted its position in Entergy by 303.0% in the 3rd quarter. Bank of New Hampshire now owns 266 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. City State Bank lifted its stake in shares of Entergy by 439.6% in the 3rd quarter. City State Bank now owns 259 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 211 shares during the period. Bell Investment Advisors Inc bought a new stake in Entergy in the second quarter valued at about $28,000. Fairway Wealth LLC acquired a new position in shares of Entergy in the 1st quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Entergy in the first quarter worth about $30,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Company Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.