Entergy Corporation (NYSE:ETR) Stock Has Average Target Price of $120.47

Shares of Entergy Corporation (NYSE:ETR) have earned an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $120.47.

Several equities analysts recently commented on ETR shares. Barclays reduced their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. BTIG Research reaffirmed a “buy” rating and set a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Finally, Truist Financial set a $122.00 price objective on Entergy and gave the stock a “buy” rating in a report on Thursday, August 13th.

Insider Buying and Selling

In other news, insider Laura Landreaux sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the transaction, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in shares of Entergy by 8.2% during the second quarter. QRG Capital Management Inc. now owns 81,534 shares of the utilities provider’s stock valued at $9,365,000 after acquiring an additional 6,181 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Entergy by 30.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,723 shares of the utilities provider’s stock worth $772,000 after purchasing an additional 1,571 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Entergy by 50.1% in the second quarter. Tidal Investments LLC now owns 355,791 shares of the utilities provider’s stock worth $40,866,000 after purchasing an additional 118,699 shares during the last quarter. Engineers Gate Manager LP increased its holdings in Entergy by 854.9% during the 2nd quarter. Engineers Gate Manager LP now owns 75,684 shares of the utilities provider’s stock valued at $8,693,000 after purchasing an additional 67,758 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Entergy by 22.2% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,205 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 582 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $99.38 on Friday. The company has a market capitalization of $46.37 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.23 and a beta of 0.49. The business has a 50 day moving average of $106.03 and a 200 day moving average of $109.81. 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 has a 1-year low of $90.87 and a 1-year high of $118.44.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were given a $0.64 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.6%. Entergy’s payout ratio is presently 65.64%.

About Entergy

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.