Entergy (NYSE:ETR) Price Target Raised to $116.00 at Citigroup

Entergy (NYSE:ETR) had its target price upped by Citigroup from $106.00 to $116.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company increased 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. BMO Capital Markets raised their price objective on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Siebert Williams Shank started coverage on Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, Morgan Stanley set a $98.00 price objective on Entergy in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.17.

Entergy Trading Down 1.7%

Shares of ETR stock opened at $104.23 on Wednesday. Entergy has a twelve month low of $75.57 and a twelve month high of $107.93. 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 business’s 50 day moving average is $100.39 and its two-hundred day moving average is $95.86. The company has a market capitalization of $47.22 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.09 and a beta of 0.64.

Entergy (NYSE:ETR) last posted 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). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s payout ratio is 65.47%.

Insider Transactions at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Several hedge funds and other institutional investors have recently bought and sold shares of ETR. Brighton Jones LLC lifted its position in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its holdings in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after buying an additional 10,476 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Entergy by 5.7% in the 2nd quarter. Intech Investment Management LLC now owns 23,357 shares of the utilities provider’s stock worth $1,941,000 after buying an additional 1,261 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in Entergy by 20.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 3,797 shares of the utilities provider’s stock valued at $316,000 after buying an additional 634 shares during the last quarter. Finally, Western Wealth Management LLC grew its stake in shares of Entergy by 22.2% during the second quarter. Western Wealth Management LLC now owns 3,964 shares of the utilities provider’s stock valued at $330,000 after acquiring an additional 720 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Company Profile

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.