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

Entergy Corporation (NYSE:ETRGet Free Report) has received a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $104.8333.

A number of research firms have issued reports on ETR. Wells Fargo & Company boosted their price objective on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. dropped their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Mizuho lifted their price target on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd.

View Our Latest Research Report on ETR

Entergy Trading Up 1.8%

ETR stock opened at $102.00 on Friday. Entergy has a 1-year low of $75.57 and a 1-year high of $102.94. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $94.48 and its 200-day moving average is $93.23. The firm has a market cap of $45.55 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.23 and a beta of 0.65.

Entergy (NYSE:ETRGet Free Report) last issued 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 firm 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 11.53% and a net margin of 14.26%.During the same period in the prior year, the company posted $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 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be given a dividend of $0.64 per share. The ex-dividend date is Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.5%. Entergy’s dividend payout ratio is presently 63.21%.

Trending Headlines about Entergy

Here are the key news stories impacting Entergy this week:

Institutional Trading of Entergy

Several hedge funds and other institutional investors have recently modified their holdings of ETR. JPMorgan Chase & Co. grew its holdings in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares in the last quarter. Norges Bank bought a new stake in Entergy during the fourth quarter valued at approximately $528,313,000. Boston Partners grew its stake in Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after buying an additional 3,710,814 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Entergy by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after buying an additional 1,630,674 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Entergy by 5,132.9% in the fourth quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock valued at $144,044,000 after acquiring an additional 1,528,630 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

About Entergy

(Get Free Report)

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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Analyst Recommendations for Entergy (NYSE:ETR)

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