Entergy (NYSE:ETR) Sets New 1-Year High – Here’s Why

Shares of Entergy Corporation (NYSE:ETR) reached a new 52-week high on Tuesday . The company traded as high as $106.71 and last traded at $106.1820, with a volume of 122099 shares changing hands. The stock had previously closed at $105.07.

Analyst Upgrades and Downgrades

ETR has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a research note on Friday, January 23rd. Barclays set a $96.00 price target on Entergy and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Morgan Stanley reaffirmed an “underperform” rating on shares of Entergy in a research report on Wednesday, January 21st. Citigroup increased their target price on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $105.72.

Entergy Stock Up 0.4%

The business has a 50-day moving average price of $94.94 and a 200 day moving average price of $93.53. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $47.10 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.34 and a beta of 0.65.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 11.04%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MFA Wealth Services raised its stake in shares of Entergy by 3.8% during the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 107 shares in the last quarter. Oakworth Capital Inc. raised its position in Entergy by 7.6% during the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 109 shares in the last quarter. Guidance Capital Inc. lifted its holdings in shares of Entergy by 0.8% in the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after buying an additional 112 shares during the period. Summit Financial LLC grew its position in shares of Entergy by 4.7% during the 4th quarter. Summit Financial LLC now owns 2,510 shares of the utilities provider’s stock worth $232,000 after buying an additional 112 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its position in shares of Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares in the last quarter. 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.