BMO Capital Markets Issues Positive Forecast for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR) had its price objective boosted by BMO Capital Markets from $118.00 to $127.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

A number of other equities analysts have also recently commented on the company. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. KeyCorp lifted their price target on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. UBS Group reiterated a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Morgan Stanley set a $98.00 price target on Entergy in a report on Friday, February 20th. Finally, TD Cowen initiated coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.67.

Entergy Price Performance

NYSE:ETR opened at $115.31 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. The stock’s 50-day simple moving average is $105.88 and its 200 day simple moving average is $98.63. The company has a market cap of $52.79 billion, a P/E ratio of 29.49, a P/E/G ratio of 2.30 and a beta of 0.57. Entergy has a 52-week low of $79.40 and a 52-week high of $117.81.

Entergy (NYSE:ETR) last released 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 during the quarter, compared to analyst estimates 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 firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 1st. Entergy’s payout ratio is currently 65.47%.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the business’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 transaction of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System raised its position in 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 in the last quarter. New York State Common Retirement Fund raised its position in Entergy by 3.9% during the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after purchasing an additional 7,000 shares in the last quarter. Nordea Investment Management AB raised its position in Entergy by 66.0% during the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after purchasing an additional 318,221 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Entergy by 124.6% during the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after purchasing an additional 13,841 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position 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 purchasing an additional 7,212 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

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.