Entergy (NYSE:ETR) Price Target Raised to $129.00 at JPMorgan Chase & Co.

Entergy (NYSE:ETR) had its target price lifted by JPMorgan Chase & Co. from $126.00 to $129.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $131.00 price target (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. KeyCorp reaffirmed an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Finally, Mizuho upped their price objective on shares of Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.21.

Entergy Trading Down 0.4%

NYSE ETR opened at $112.45 on Wednesday. The company’s fifty day simple moving average is $110.44 and its 200-day simple moving average is $101.22. Entergy has a 52 week low of $79.40 and a 52 week high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The stock has a market cap of $51.49 billion, a P/E ratio of 28.69, a PEG ratio of 1.93 and a beta of 0.54.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Trading of Entergy

A number of hedge funds have recently bought and sold shares of ETR. United Community Bank lifted its stake in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Union Savings Bank purchased a new stake in Entergy during the fourth quarter valued at about $28,000. Physician Wealth Advisors Inc. lifted its stake in Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after buying an additional 194 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.