Entergy (NYSE:ETR) Price Target Raised to $111.00 at KeyCorp

Entergy (NYSE:ETR) had its price target boosted by KeyCorp from $102.00 to $111.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other equities analysts also recently commented on the stock. TD Cowen began coverage on shares of Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 price objective for the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $112.00 price target on shares of Entergy in a research report on Friday, January 23rd. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Siebert Williams Shank initiated coverage on shares of Entergy in a research note on Tuesday, January 20th. They set a “buy” rating and a $109.00 price objective for the company. 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.61.

Entergy Stock Performance

Entergy stock opened at $106.51 on Wednesday. Entergy has a fifty-two week low of $75.57 and a fifty-two week high of $107.93. The company has a market capitalization of $48.25 billion, a PE ratio of 27.24, a P/E/G ratio of 2.09 and a beta of 0.64. The company has a 50 day moving average price of $97.96 and a 200-day moving average price of $94.74. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS 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 analysts’ expectations of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same quarter in the previous year, the business earned $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 year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were issued a $0.64 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 23,609 shares in the company, valued at $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 owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ETR. Rehmann Capital Advisory Group lifted its holdings in shares of Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 102 shares during the period. SHP Wealth Management purchased a new position in Entergy during the 4th quarter worth approximately $99,000. Tulsa Wealth Advisors INC acquired a new stake in Entergy during the 4th quarter valued at approximately $2,413,000. Clearwave Capital LLC purchased a new stake in shares of Entergy in the 4th quarter valued at $508,000. Finally, Groupama Asset Managment increased its stake in shares of Entergy by 17.0% in the fourth quarter. Groupama Asset Managment now owns 662,319 shares of the utilities provider’s stock worth $61,218,000 after acquiring an additional 96,401 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.