Entergy (NYSE:ETR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Entergy (NYSE:ETR) from a sell rating to a hold rating in a research report report published on Friday morning.

A number of other analysts also recently weighed in on ETR. Siebert Williams Shank started coverage on shares of Entergy in a research report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target on the stock. Argus set a $100.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. 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. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $103.87.

Entergy Stock Performance

ETR stock opened at $93.21 on Friday. Entergy has a twelve month low of $75.55 and a twelve month high of $98.58. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The company has a market cap of $41.63 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.08 and a beta of 0.66. The business’s fifty day moving average is $93.78 and its 200-day moving average is $92.15.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. The business 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 period in the previous year, the firm earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Equities research analysts forecast that Entergy will post 3.88 EPS for the current year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were given a $0.64 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 annualized dividend and a yield of 2.7%. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s payout ratio is presently 63.21%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider directly owned 7,899 shares in the company, valued at $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 10,179 shares of company stock valued at $981,707. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Entergy by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock worth $5,400,165,000 after acquiring an additional 1,488,238 shares in the last quarter. State Street Corp boosted its holdings in Entergy by 1.8% during the third quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock worth $2,174,864,000 after purchasing an additional 417,077 shares during the last quarter. Bank of America Corp DE boosted its holdings in Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after purchasing an additional 452,562 shares during the last quarter. JPMorgan Chase & Co. grew its position in Entergy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock valued at $1,365,113,000 after purchasing an additional 472,761 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Entergy by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after buying an additional 479,093 shares during the last quarter. 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.