Entergy Corporation (NYSE:ETR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Entergy Corporation (NYSE:ETR) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $120.8421.

ETR has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Barclays decreased their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. BTIG Research restated a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, Truist Financial set a $122.00 price objective on Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th.

Insider Buying and Selling

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Entergy

A number of institutional investors and hedge funds have recently modified their holdings of ETR. Washington Trust Advisors Inc. grew its holdings in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares during the period. Union Savings Bank acquired a new position in shares of Entergy in the 4th quarter valued at $28,000. Bell Investment Advisors Inc bought a new position in shares of Entergy in the 2nd quarter worth $28,000. Fairway Wealth LLC bought a new position in shares of Entergy in the 1st quarter worth $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy during the first quarter worth $30,000. 88.07% of the stock is owned by institutional investors.

Entergy Stock Down 0.6%

Shares of ETR opened at $107.16 on Tuesday. The company has a market capitalization of $50.00 billion, a P/E ratio of 27.48, a PEG ratio of 2.40 and a beta of 0.49. Entergy has a one year low of $86.40 and a one year high of $118.44. The business’s 50 day simple moving average is $110.32 and its 200-day simple moving average is $110.10. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period last year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Entergy will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were issued a $0.64 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

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.