Analysts Set Entergy Corporation (NYSE:ETR) PT at $119.68

Entergy Corporation (NYSE:ETR) has earned an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $119.6842.

A number of equities analysts recently issued reports on the company. Truist Financial set a $127.00 target price on Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Evercore set a $123.00 price objective on Entergy in a research note on Wednesday, June 10th. BMO Capital Markets set a $123.00 price objective on Entergy in a research note on Wednesday, June 10th. Finally, Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC raised its position in shares of Entergy by 5.4% in the first quarter. Western Wealth Management LLC now owns 5,285 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 269 shares during the period. Parallel Advisors LLC grew its position in shares of Entergy by 4.9% during the 1st quarter. Parallel Advisors LLC now owns 7,549 shares of the utilities provider’s stock valued at $848,000 after acquiring an additional 354 shares during the period. NewEdge Advisors LLC grew its position in shares of Entergy by 382.6% during the 1st quarter. NewEdge Advisors LLC now owns 485,852 shares of the utilities provider’s stock valued at $54,590,000 after acquiring an additional 385,178 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Entergy during the 1st quarter valued at about $300,000. Finally, Groupama Asset Managment grew its position in shares of Entergy by 5.1% during the 1st quarter. Groupama Asset Managment now owns 695,812 shares of the utilities provider’s stock valued at $78,181,000 after acquiring an additional 33,493 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $114.51 on Thursday. The firm has a market capitalization of $52.43 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The business has a fifty day moving average of $111.96 and a 200 day moving average of $104.42. Entergy has a 1 year low of $80.11 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same quarter last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

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.