Entergy (NYSE:ETR) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of Entergy (NYSE:ETR) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $108.00 target price on the utilities provider’s stock.

Several other equities analysts have also issued reports on the stock. Barclays set a $100.00 price target on shares of Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $91.00 price target on Entergy in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. cut their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.19.

Entergy Price Performance

Shares of ETR opened at $93.56 on Friday. The stock has a market cap of $41.79 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. Entergy has a 1 year low of $75.04 and a 1 year high of $98.58. The stock’s 50-day moving average price is $94.05 and its two-hundred day moving average price is $91.12. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion for the quarter. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, equities analysts predict that Entergy will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were paid a dividend of $0.64 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Insider Activity

In related news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

Several hedge funds have recently added to or reduced their stakes in ETR. Brighton Jones LLC raised its position in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the period. Caxton Associates LLP acquired a new position in Entergy in the 1st quarter valued at about $558,000. Woodline Partners LP raised its holdings in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares during the period. Advisory Alpha LLC acquired a new stake in Entergy during the first quarter worth approximately $201,000. Finally, Integrity Alliance LLC. bought a new stake in shares of Entergy during the first quarter worth approximately $1,069,000. Institutional investors and hedge funds 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.