Entergy (NYSE:ETR) Sets New 1-Year High – What’s Next?

Shares of Entergy Corporation (NYSE:ETR) hit a new 52-week high during trading on Thursday . The company traded as high as $114.07 and last traded at $113.72, with a volume of 3023404 shares changing hands. The stock had previously closed at $112.36.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ETR. Barclays upped their target price on shares of Entergy from $96.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. BMO Capital Markets boosted their price objective on shares of Entergy from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.17.

Entergy Price Performance

The firm has a fifty day moving average price of $103.54 and a two-hundred day moving average price of $97.42. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $52.61 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.27 and a beta of 0.57.

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

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s dividend payout ratio is presently 65.47%.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by company insiders.

Institutional Trading of Entergy

A number of institutional investors and hedge funds have recently modified their holdings of ETR. JPMorgan Chase & Co. boosted its position in shares of Entergy by 54.9% during 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 buying an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new position in Entergy in the 4th quarter worth about $528,313,000. Morgan Stanley raised its position 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 buying an additional 1,986,369 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Entergy by 89.6% during 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 acquiring an additional 1,826,782 shares during the period. Finally, Zimmer Partners LP bought a new position in Entergy during the 4th quarter valued at about $153,616,000. 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.