Entergy Corporation (NYSE:ETR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Entergy Corporation (NYSE:ETR) have been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $120.47.

A number of equities analysts have weighed in on ETR shares. BMO Capital Markets upped their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Truist Financial set a $122.00 price target on Entergy and gave the stock a “buy” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. boosted their target price on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Evercore reissued an “outperform” rating and set a $128.00 target price on shares of Entergy in a research note on Monday, August 17th.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares in the company, valued at $363,111.84. This trade represents a 41.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of the firm’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 sale, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Entergy

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Entergy in the second quarter valued at $4,861,376,000. JPMorgan Chase & Co. increased its stake in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after acquiring an additional 870,847 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Entergy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after acquiring an additional 126,625 shares in the last quarter. Finally, Norges Bank acquired a new position in Entergy in the 4th quarter valued at $528,313,000. 88.07% of the stock is owned by institutional investors.

Entergy Stock Up 0.6%

Shares of NYSE ETR opened at $101.00 on Friday. The firm has a 50-day moving average price of $105.42 and a 200 day moving average price of $109.72. Entergy has a 52 week low of $90.87 and a 52 week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $47.13 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.46.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were paid a $0.64 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. Entergy’s payout ratio is presently 65.64%.

Entergy Company Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.