Entergy Corporation (NYSE:ETR) Receives Average Recommendation of “Moderate Buy” from Analysts

Entergy Corporation (NYSE:ETR) has been assigned an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $102.9722.

ETR has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI raised their price objective on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th.

Insider Activity

In related news, insider Anastasia Minor sold 5,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares in the company, valued at $975,659.58. This represents a 33.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Entergy

Several hedge funds have recently made changes to their positions in ETR. Brighton Jones LLC boosted its holdings in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its position in Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares during the period. Focus Financial Network Inc. boosted its holdings in Entergy by 6.0% in the 2nd quarter. Focus Financial Network Inc. now owns 4,615 shares of the utilities provider’s stock valued at $384,000 after purchasing an additional 263 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Entergy by 2.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,067 shares of the utilities provider’s stock worth $4,328,000 after purchasing an additional 1,133 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of Entergy by 41.6% during the 2nd quarter. Wedmont Private Capital now owns 6,166 shares of the utilities provider’s stock worth $502,000 after buying an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.8%

Shares of NYSE ETR opened at $96.48 on Monday. The business has a 50-day moving average of $93.91 and a two-hundred day moving average of $91.69. The company has a market capitalization of $43.09 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. Entergy has a 1 year low of $75.55 and a 1 year high of $98.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates 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 company earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, analysts forecast that Entergy will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were paid a $0.64 dividend. This is an increase from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

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.