Entergy (NYSE:ETR) Given New $120.00 Price Target at Mizuho

Entergy (NYSE:ETRFree Report) had its price target raised by Mizuho from $112.00 to $120.00 in a research note published on Monday,Benzinga reports. Mizuho currently has an outperform rating on the utilities provider’s stock.

ETR has been the topic of a number of other research reports. Siebert Williams Shank initiated coverage on shares of Entergy in a research report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective on the stock. Morgan Stanley set a $98.00 price target on shares of Entergy in a report on Friday, February 20th. UBS Group reiterated a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Finally, Citigroup increased their price target on Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. One research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.17.

Read Our Latest Analysis on ETR

Entergy Stock Up 1.1%

Entergy stock opened at $111.06 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The firm has a market cap of $50.31 billion, a P/E ratio of 28.40, a P/E/G ratio of 2.17 and a beta of 0.64. The business has a fifty day moving average of $101.97 and a two-hundred day moving average of $96.85. Entergy has a twelve month low of $75.57 and a twelve month high of $111.99.

Entergy (NYSE:ETRGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy’s payout ratio is currently 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. New York State Teachers Retirement System lifted its position in shares of Entergy by 5.4% during the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after buying an additional 22,148 shares in the last quarter. New York State Common Retirement Fund lifted its holdings 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 grew its position in shares of Entergy by 66.0% in 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 during the period. TD Waterhouse Canada Inc. increased its stake in shares of Entergy by 124.6% during the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after purchasing an additional 13,841 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Entergy during the 3rd quarter worth about $108,005,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Key Entergy News

Here are the key news stories impacting Entergy this week:

Entergy Company Profile

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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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Analyst Recommendations for Entergy (NYSE:ETR)

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