Entergy Corporation (NYSE:ETR) Receives $102.97 Consensus PT from Analysts

Entergy Corporation (NYSE:ETR) has received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $103.8684.

Several equities analysts have recently weighed in on ETR shares. TD Cowen started coverage on Entergy in a research report on Friday, January 9th. They issued a “buy” rating and a $108.00 target price on the stock. Morgan Stanley reissued an “underperform” rating on shares of Entergy in a research note on Wednesday. BTIG Research raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th.

Entergy Price Performance

Shares of NYSE ETR opened at $93.21 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The firm has a fifty day moving average of $93.78 and a 200 day moving average of $92.15. The firm has a market cap of $41.63 billion, a PE ratio of 23.01, a PEG ratio of 2.08 and a beta of 0.66. Entergy has a one year low of $75.55 and a one year high of $98.58.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.21. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the business earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, research analysts predict that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

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

Insiders Place Their Bets

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director owned 1,050 shares in the company, valued at approximately $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last ninety days. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETR. Capital A Wealth Management LLC raised its holdings in Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the period. GoalVest Advisory LLC lifted its holdings in shares of Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 344 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Entergy during the 2nd quarter worth approximately $30,000. Physician Wealth Advisors Inc. lifted its position in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares during the last quarter. Hedge funds and other 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.