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

Entergy (NYSE:ETR) had its target price lifted by Argus from $100.00 to $118.00 in a report published on Monday morning,Benzinga reports. Argus currently has a buy rating on the utilities provider’s stock.

A number of other brokerages have also recently weighed in on ETR. TD Cowen assumed coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective on the stock. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Citigroup raised their price objective on Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Morgan Stanley set a $98.00 price objective on Entergy in a report on Friday, February 20th. Finally, BMO Capital Markets raised their price objective on Entergy from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, March 30th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.17.

Entergy Stock Performance

Shares of ETR opened at $114.58 on Monday. The company has a market cap of $52.45 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57. 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 stock has a 50-day moving average price of $103.93 and a 200-day moving average price of $97.73. Entergy has a 12-month low of $75.57 and a 12-month high of $115.61.

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

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s payout ratio is 65.47%.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy 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 of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entergy

A number of large investors have recently bought and sold shares of ETR. United Community Bank increased its stake 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 period. Washington Trust Advisors Inc. increased its stake in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the period. Capital A Wealth Management LLC increased its stake in Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the period. Union Savings Bank purchased a new position in shares of Entergy during the fourth quarter valued at approximately $28,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

About Entergy

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.