Entergy (NYSE:ETR) Price Target Raised to $118.00 at BMO Capital Markets

Entergy (NYSE:ETRFree Report) had its target price upped by BMO Capital Markets from $112.00 to $118.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the utilities provider’s stock.

A number of other research analysts have also recently commented on the stock. Citigroup increased their target price on shares of Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Wells Fargo & Company lifted their price target on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. TD Cowen initiated coverage on shares of Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Finally, Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $109.17.

Check Out Our Latest Analysis on Entergy

Entergy Trading Up 1.1%

Shares of ETR opened at $111.06 on Monday. 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 PEG ratio of 2.17 and a beta of 0.64. The business’s fifty day moving average is $101.97 and its 200-day moving average is $96.85.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly earnings data 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). The business 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 quarter in the prior year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

Insider Buying and Selling at Entergy

In other 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 completion of the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently added to or reduced their stakes in ETR. United Community Bank lifted its holdings in shares of Entergy by 806.7% during the fourth 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 period. Washington Trust Advisors Inc. increased its holdings 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 purchasing an additional 154 shares during the period. Union Savings Bank acquired a new stake in Entergy in the fourth quarter valued at $28,000. Physician Wealth Advisors Inc. raised its position in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares during the period. 88.07% of the stock is owned by institutional investors.

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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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