Entergy (NYSE:ETR) Upgraded to Strong-Buy at Truist Financial

Truist Financial upgraded shares of Entergy (NYSE:ETR) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

ETR has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a research note on Friday, January 23rd. Argus upped their price objective on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $131.00 price objective (up from $114.00) on shares of Entergy in a research note on Monday. KeyCorp reaffirmed an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday. Finally, BMO Capital Markets upped their price objective on shares of Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.74.

Entergy Trading Up 0.2%

Shares of NYSE ETR traded up $0.23 during mid-day trading on Monday, reaching $111.47. The company had a trading volume of 297,319 shares, compared to its average volume of 2,768,635. Entergy has a 52 week low of $79.40 and a 52 week high of $117.81. The business’s 50-day moving average is $107.87 and its 200-day moving average is $99.51. The stock has a market cap of $51.03 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 2.24 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Entergy will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio is presently 65.47%.

Insider Activity at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Trading of Entergy

Hedge funds have recently modified their holdings of the company. United Community Bank lifted its position in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. raised its position in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank purchased a new position in shares of Entergy in the 4th quarter valued at approximately $28,000. Physician Wealth Advisors Inc. raised its position in shares of Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 194 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.