Analysts Set Entergy Corporation (NYSE:ETR) PT at $119.00

Entergy Corporation (NYSE:ETR) has received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $119.00.

A number of brokerages have recently commented on ETR. Wells Fargo & Company upped their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Mizuho upped their target price on Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Argus upped their target price on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Finally, Scotiabank reiterated an “outperform” rating and set a $129.00 price target (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th.

Hedge Funds Weigh In On Entergy

A number of large investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Entergy by 3.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares in the last quarter. Aristotle Capital Management LLC boosted its position in shares of Entergy by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 96 shares in the last quarter. Founders Financial Securities LLC boosted its position in shares of Entergy by 2.5% during the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in shares of Entergy by 2.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 102 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Down 1.7%

Shares of ETR opened at $109.57 on Friday. Entergy has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $50.17 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.90 and a beta of 0.54. The stock’s 50-day moving average price is $111.76 and its 200-day moving average price is $102.39.

Entergy (NYSE:ETR) last issued 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 return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy will post 4.4 EPS for the current year.

Entergy Announces Dividend

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

Entergy Company Profile

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.