Entergy Corporation (NYSE:ETR) Receives $119.00 Consensus Price Target from Analysts

Shares of Entergy Corporation (NYSE:ETR) have been given an average rating of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $118.8421.

ETR has been the topic of several research analyst reports. Scotiabank restated an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price target on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Wells Fargo & Company boosted their target price on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 price objective (up from $114.00) on shares of Entergy in a research note on Monday, April 20th.

Hedge Funds Weigh In On Entergy

Institutional investors have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC raised 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 acquiring an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 92 shares in the last quarter. Aristotle Capital Management LLC grew its stake in shares of Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 96 shares in the last quarter. Founders Financial Securities LLC grew its stake in shares of Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after purchasing an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after buying an additional 102 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $108.89 on Friday. The firm’s fifty day moving average price is $111.85 and its 200 day moving average price is $102.43. Entergy has a 1-year low of $80.11 and a 1-year high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market cap of $49.86 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating 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 firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts expect 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. 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 2.4%. The ex-dividend date is Friday, May 1st. Entergy’s dividend payout ratio 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.