Entergy Corporation (NYSE:ETR) Receives $106.61 Average Target Price from Brokerages

Entergy Corporation (NYSE:ETR) has earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $106.6111.

A number of equities analysts have weighed in on ETR shares. Siebert Williams Shank assumed coverage on shares of Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price for the company. BMO Capital Markets boosted their price target on shares of Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Citigroup lifted their price objective on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Finally, Argus set a $100.00 target price on shares of Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th.

Entergy Stock Performance

Shares of ETR opened at $105.56 on Tuesday. Entergy has a 1 year low of $75.57 and a 1 year high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The stock’s fifty day moving average price is $99.61 and its two-hundred day moving average price is $95.51. The firm has a market cap of $47.82 billion, a PE ratio of 27.00, a PEG ratio of 2.09 and a beta of 0.64.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Entergy will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a $0.64 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is 65.47%.

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ETR. JPMorgan Chase & Co. boosted its position in shares of Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Norges Bank bought a new stake in Entergy during the 4th quarter worth approximately $528,313,000. Boston Partners lifted its stake in Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after purchasing an additional 3,710,814 shares in the last quarter. Morgan Stanley lifted its stake in Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after purchasing an additional 1,986,369 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Entergy by 89.6% in the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after purchasing an additional 1,826,782 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.