Entergy (NYSE:ETR) Research Coverage Started at Siebert Williams Shank

Siebert Williams Shank assumed coverage on shares of Entergy (NYSE:ETR) in a report released on Tuesday, MarketBeat reports. The firm issued a buy rating and a $109.00 price objective on the utilities provider’s stock.

A number of other equities analysts also recently weighed in on ETR. Evercore ISI lifted their target price on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Bank of America lifted their price objective on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. TD Cowen started coverage on Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 price objective on the stock. Mizuho raised their target price on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Barclays set a $96.00 target price on Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.03.

Entergy Stock Down 2.3%

Shares of ETR opened at $93.51 on Tuesday. The stock’s 50-day moving average price is $93.81 and its two-hundred day moving average price is $91.92. Entergy has a 12 month low of $75.55 and a 12 month high of $98.58. The company has a market capitalization of $41.76 billion, a PE ratio of 23.09, a PEG ratio of 2.14 and a beta of 0.66. 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 issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the company earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, analysts anticipate that Entergy will post 3.88 EPS for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. Entergy’s payout ratio is currently 63.21%.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider directly owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,179 shares of company stock worth $981,707 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETR. New York State Teachers Retirement System increased its stake in Entergy by 5.4% in the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after acquiring an additional 22,148 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Entergy by 15.2% during the 2nd quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after purchasing an additional 2,932 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position 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 buying an additional 7,212 shares during the last quarter. World Investment Advisors lifted its position in Entergy by 269.9% in the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after buying an additional 16,332 shares during the last quarter. Finally, Elite Wealth Management Inc. purchased a new stake in Entergy in the third quarter worth approximately $1,127,000. 88.07% of the stock is owned by institutional investors.

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.