Entergy (NYSE:ETR) Price Target Raised to $118.00

Entergy (NYSE:ETR) had its price target hoisted by BMO Capital Markets from $112.00 to $118.00 in a research report released on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the utilities provider’s stock.

Other equities research analysts also recently issued reports about the stock. Mizuho set a $112.00 target price on shares of Entergy in a research report on Friday, February 13th. JPMorgan Chase & Co. dropped their price target on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. KeyCorp lifted their price target on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Wells Fargo & Company boosted their price objective on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $109.17.

Entergy Trading Up 1.2%

Shares of ETR stock opened at $113.72 on Monday. Entergy has a twelve month low of $75.57 and a twelve month high of $114.07. The stock’s fifty day simple moving average is $102.68 and its 200 day simple moving average is $97.12. 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 capitalization of $52.06 billion, a P/E ratio of 29.08, a P/E/G ratio of 2.22 and a beta of 0.64.

Entergy (NYSE:ETR) last posted its 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). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter in the prior year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Entergy will post 3.88 EPS for the current fiscal 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 paid a $0.64 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s payout ratio is 65.47%.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were 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 of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. United Community Bank boosted its stake in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. increased its stake in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Union Savings Bank acquired a new position in shares of Entergy during the fourth quarter valued at about $28,000. Physician Wealth Advisors Inc. increased its position in Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares during the period. Institutional investors and hedge funds 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.