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

Siebert Williams Shank began coverage on shares of Entergy (NYSE:ETR) in a research note published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $109.00 price objective on the utilities provider’s stock.

Other analysts also recently issued research reports about the company. Cowen initiated coverage on Entergy in a research note on Thursday, January 8th. They issued a “buy” rating on the stock. Wells Fargo & Company raised Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. Argus set a $100.00 target price on Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup lifted their price objective on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Entergy Price Performance

NYSE ETR opened at $94.74 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The stock has a market cap of $42.31 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.15 and a beta of 0.66. The business has a 50 day simple moving average of $93.85 and a 200 day simple moving average of $91.88. Entergy has a 52-week low of $75.55 and a 52-week high of $98.58.

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

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $0.60. Entergy’s payout ratio is currently 63.21%.

Insider Buying and Selling

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the company’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 completion of the sale, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over 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.

Hedge Funds Weigh In On Entergy

A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. Norges Bank acquired a new stake in shares of Entergy in the second quarter valued at approximately $468,628,000. Boston Partners raised its stake in Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after acquiring an additional 3,710,814 shares during the period. Vanguard Group Inc. lifted its holdings in Entergy by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after purchasing an additional 1,630,674 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in Entergy during the third quarter worth $135,396,000. Finally, Raymond James Financial Inc. increased its holdings in shares of Entergy by 137.1% in the third quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after purchasing an additional 1,179,362 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.