Entergy (NYSE:ETR) Now Covered by Analysts at Siebert Williams Shank

Research analysts at Siebert Williams Shank initiated coverage on shares of Entergy (NYSE:ETR) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $109.00 price target on the utilities provider’s stock. Siebert Williams Shank’s price target indicates a potential upside of 13.57% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Argus set a $100.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Citigroup boosted their price target on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Morgan Stanley set a $91.00 price objective on Entergy in a research note on Thursday, November 20th. Mizuho boosted their target price on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Finally, Barclays set a $96.00 price target on Entergy and gave the stock an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $103.29.

Entergy Stock Up 0.3%

Shares of Entergy stock opened at $95.98 on Tuesday. The business has a fifty day simple moving average of $93.89 and a 200 day simple moving average of $91.79. The stock has a market cap of $42.86 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy has a 12 month low of $75.55 and a 12 month high of $98.58.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same quarter last year, the business earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Research analysts predict that Entergy will post 3.88 EPS for the current year.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. The trade was a 39.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 10,179 shares of company stock worth $981,707. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ETR. MFA Wealth Services lifted its stake in Entergy by 3.8% in the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 107 shares during the last quarter. Guidance Capital Inc. raised its stake in Entergy by 0.8% in the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after buying an additional 112 shares during the period. Physician Wealth Advisors Inc. lifted its position in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Entergy by 3.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 116 shares during the period. Finally, Cape Investment Advisory Inc. increased its holdings in shares of Entergy by 2.9% during the 3rd quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 116 shares during the last quarter. 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.