Entergy (NYSE:ETR) Price Target Raised to $118.00 at Barclays

Entergy (NYSE:ETRFree Report) had its price target hoisted by Barclays from $96.00 to $118.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

Several other brokerages also recently issued reports on ETR. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 price target on shares of Entergy in a research report on Friday, January 23rd. Morgan Stanley set a $98.00 target price on Entergy in a report on Friday, February 20th. Argus set a $100.00 price target on Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Siebert Williams Shank started coverage on shares of Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective on the stock. Finally, Citigroup upped their target price on shares of Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.17.

View Our Latest Stock Report on Entergy

Entergy Stock Performance

Shares of NYSE ETR opened at $111.06 on Monday. The business’s 50-day simple moving average is $101.97 and its 200-day simple moving average is $96.85. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. Entergy has a 52 week low of $75.57 and a 52 week high of $111.99. The firm has a market cap of $50.31 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 2.17 and a beta of 0.64.

Entergy (NYSE:ETRGet Free Report) last announced its earnings results 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). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period in the previous year, the company earned $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 will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

Several large investors have recently made changes to their positions in ETR. United Community Bank raised its position in Entergy by 806.7% in 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. boosted its position in 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 buying an additional 154 shares during the last quarter. Capital A Wealth Management LLC increased its stake in shares of Entergy by 5,466.7% in the 2nd 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 period. Union Savings Bank acquired a new position in shares of Entergy during the fourth quarter valued at $28,000. Finally, Physician Wealth Advisors Inc. boosted its stake 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. Institutional investors own 88.07% of the company’s stock.

Key Stories Impacting Entergy

Here are the key news stories impacting Entergy this week:

About Entergy

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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.

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