Entergy Corporation (NYSE:ETR) Receives Consensus Rating of “Moderate Buy” from Analysts

Entergy Corporation (NYSE:ETR) has earned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $121.0526.

Several equities analysts have issued reports on the company. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Truist Financial set a $127.00 target price on Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. BTIG Research restated a “buy” rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. UBS Group reaffirmed a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, BMO Capital Markets upped their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd.

Entergy Trading Up 0.8%

ETR stock opened at $106.45 on Friday. Entergy has a 1-year low of $86.40 and a 1-year high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The business’s 50 day moving average is $111.94 and its 200-day moving average is $108.98. The firm has a market cap of $49.67 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.80 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter last year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is currently 65.64%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

Hedge funds and other institutional investors have recently made changes to their positions in the company. United Community Bank increased its position in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. lifted its position in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Union Savings Bank acquired a new position in Entergy during the 4th quarter valued at about $28,000. Bell Investment Advisors Inc bought a new position in shares of Entergy in the 2nd quarter valued at about $28,000. Finally, Fairway Wealth LLC bought a new position in shares of Entergy in the 1st quarter valued at about $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.