Entergy (NYSE:ETR) Reaches New 52-Week High – Should You Buy?

Entergy Corporation (NYSE:ETR) shares hit a new 52-week high during trading on Friday . The stock traded as high as $111.50 and last traded at $111.50, with a volume of 221 shares traded. The stock had previously closed at $105.48.

Analysts Set New Price Targets

A number of research analysts have weighed in on ETR shares. KeyCorp raised their price objective on Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays set a $96.00 target price on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wells Fargo & Company raised their price target on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Citigroup boosted their price target on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Finally, Siebert Williams Shank assumed coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.61.

Entergy Stock Performance

The firm has a fifty day moving average price of $98.45 and a 200 day moving average price of $94.98. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a market cap of $47.46 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Insider Activity at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. United Community Bank increased its position in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its position in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. Capital A Wealth Management LLC lifted its position in Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. Union Savings Bank purchased a new position in Entergy during the fourth quarter worth about $28,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Entergy during the second quarter valued at about $30,000. Hedge funds and other 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.