Entergy (NYSE:ETR) Now Covered by Siebert Williams Shank

Equities research analysts at Siebert Williams Shank began coverage on shares of Entergy (NYSE:ETR) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $109.00 price target on the utilities provider’s stock. Siebert Williams Shank’s target price would suggest a potential upside of 13.57% from the company’s current price.

Other equities analysts have also issued reports about the stock. Evercore ISI raised their price target on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Mizuho raised their target price on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Scotiabank set a $105.00 price target on Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Finally, Barclays set a $96.00 price objective on Entergy and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.29.

Entergy Stock Up 0.3%

Shares of ETR opened at $95.98 on Tuesday. The firm has a market cap of $42.86 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy has a 52 week low of $75.55 and a 52 week high of $98.58. The firm’s 50-day simple moving average is $93.89 and its 200 day simple moving average is $91.79.

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. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same quarter in the previous year, the company posted $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, analysts forecast that Entergy will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the transaction, the insider owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 10,179 shares of company stock worth $981,707 in the last 90 days. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ETR. Tema Etfs LLC grew its holdings in shares of Entergy by 68.3% during the fourth quarter. Tema Etfs LLC now owns 123,059 shares of the utilities provider’s stock valued at $11,374,000 after buying an additional 49,939 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Entergy by 1.9% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 43,221 shares of the utilities provider’s stock valued at $3,995,000 after purchasing an additional 803 shares in the last quarter. Retireful LLC purchased a new position in shares of Entergy during the fourth quarter valued at approximately $640,000. BTC Capital Management Inc. raised its position in Entergy by 10.5% in the 4th quarter. BTC Capital Management Inc. now owns 49,581 shares of the utilities provider’s stock valued at $4,579,000 after buying an additional 4,707 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Entergy by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 37,908 shares of the utilities provider’s stock valued at $3,504,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds 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.