Entergy Corporation (NYSE:ETR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Entergy Corporation (NYSE:ETR) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $88.50.

ETR has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Barclays cut their price target on shares of Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Morgan Stanley set a $86.00 target price on Entergy and gave the company an “outperform” rating in a research note on Thursday, August 21st. Finally, KeyCorp reissued an “overweight” rating and issued a $96.00 target price (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st.

Entergy Stock Down 1.6%

ETR stock opened at $88.14 on Friday. The business has a 50 day moving average of $86.45 and a 200 day moving average of $84.28. The firm has a market cap of $39.34 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 2.44 and a beta of 0.57. Entergy has a twelve month low of $59.05 and a twelve month high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts forecast that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy’s payout ratio is 59.85%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETR. Brighton Jones LLC raised its stake in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Entergy by 22.8% in the fourth quarter. Jump Financial LLC now owns 5,252 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 974 shares during the period. GeoWealth Management LLC grew its holdings in shares of Entergy by 57.1% in the fourth quarter. GeoWealth Management LLC now owns 1,452 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 528 shares during the period. Dimensional Fund Advisors LP increased its position in Entergy by 103.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,758,819 shares of the utilities provider’s stock valued at $133,354,000 after acquiring an additional 893,688 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Entergy by 100.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 31,550 shares of the utilities provider’s stock valued at $2,392,000 after acquiring an additional 15,775 shares during the period. Institutional investors own 88.07% of the company’s stock.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.