Entergy (NYSE:ETR) Coverage Initiated at TD Cowen

Analysts at TD Cowen began coverage on shares of Entergy (NYSE:ETR) in a research note issued on Friday. The brokerage set a “buy” rating and a $108.00 price target on the utilities provider’s stock. TD Cowen’s price target suggests a potential upside of 15.24% from the stock’s previous close.

Several other brokerages have also issued reports on ETR. Barclays set a $100.00 price target on Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. Morgan Stanley set a $91.00 target price on Entergy in a research note on Thursday, November 20th. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.19.

Entergy Stock Up 2.8%

Entergy stock traded up $2.53 during mid-day trading on Friday, hitting $93.72. The company’s stock had a trading volume of 212,988 shares, compared to its average volume of 1,825,213. Entergy has a 52-week low of $75.04 and a 52-week high of $98.58. The company has a market cap of $41.86 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. The firm’s 50 day moving average is $94.10 and its 200 day moving average is $91.04.

Entergy (NYSE:ETR) last issued its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The company had revenue of $2.37 billion for the quarter. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, analysts anticipate that Entergy will post 3.88 earnings per share for the current year.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the sale, the insider owned 10,122 shares in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,179 shares of company stock valued at $981,707 over the last 90 days. 0.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

Institutional investors and hedge funds have recently made changes to their positions in the stock. HB Wealth Management LLC lifted its stake in Entergy by 15.2% in the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after buying an additional 2,932 shares during the period. World Investment Advisors grew its holdings in Entergy by 269.9% in the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after purchasing an additional 16,332 shares during the period. G&S Capital LLC bought a new stake in Entergy in the second quarter valued at $2,557,000. Soltis Investment Advisors LLC boosted its position in shares of Entergy by 5.9% during the 2nd quarter. Soltis Investment Advisors LLC now owns 87,432 shares of the utilities provider’s stock worth $7,267,000 after purchasing an additional 4,834 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Entergy by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after buying an additional 479,093 shares during the period. Institutional investors own 88.07% of the company’s stock.

About Entergy

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.