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

Shares of Entergy Corporation (NYSE:ETR) have earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $106.6111.

ETR has been the subject of several research analyst reports. Barclays set a $96.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. KeyCorp upped their price target on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. TD Cowen began coverage on shares of Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 price objective for the company. Citigroup raised their price objective on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Finally, Morgan Stanley set a $98.00 target price on Entergy in a report on Friday, February 20th.

Entergy Stock Performance

Shares of ETR stock opened at $104.68 on Tuesday. Entergy has a 12-month low of $75.57 and a 12-month high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The firm has a market capitalization of $47.42 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64. The business has a 50 day simple moving average of $98.68 and a 200 day simple moving average of $95.12.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Entergy will post 3.88 EPS for the current year.

Entergy Dividend Announcement

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

Insider Transactions at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Entergy

Several hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System lifted its holdings in shares of Entergy by 5.4% during the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after purchasing an additional 22,148 shares during the last quarter. New York State Common Retirement Fund increased its stake in Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after purchasing an additional 7,000 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after buying an additional 13,841 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Entergy by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after buying an additional 7,212 shares in the last quarter. Finally, World Investment Advisors lifted its stake in Entergy by 269.9% during the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock valued at $2,086,000 after buying an additional 16,332 shares in the last quarter. Institutional investors and hedge funds 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.