Entergy Corporation (NYSE:ETR) Stock Has Average Price Target of $120.61 According to Brokerages

Entergy Corporation (NYSE:ETR) has received an average rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $121.25.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. UBS Group increased their price target on Entergy from $129.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 6th. KeyCorp cut their price objective on Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. BTIG Research cut their price objective on Entergy from $126.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Finally, LADENBURG THALM/SH SH lowered their target price on Entergy from $120.50 to $113.50 and set a “buy” rating for the company in a research note on Monday, October 12th.

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura R. 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entergy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Callan Family Office LLC bought a new position in shares of Entergy during the second quarter worth about $3,250,000. Illinois Municipal Retirement Fund raised its position in Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after buying an additional 27,868 shares during the last quarter. Nykredit A S acquired a new stake in Entergy in the 2nd quarter valued at approximately $22,064,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Entergy in the 2nd quarter valued at approximately $2,843,000. Finally, Swiss National Bank lifted its stake in Entergy by 7.1% in the 1st quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock valued at $147,270,000 after acquiring an additional 87,300 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of ETR stock opened at $107.39 on Wednesday. The stock has a market cap of $50.11 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.40 and a beta of 0.46. The stock has a 50-day moving average of $104.27 and a 200-day moving average of $109.39. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy has a one year low of $90.87 and a one year high of $118.44.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy will post 4.40 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.4%. Entergy’s payout ratio is presently 65.64%.

About Entergy

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.