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

Entergy (NYSE:ETR) had its target price boosted by Argus from $100.00 to $118.00 in a research report released on Monday morning,Benzinga reports. Argus currently has a buy rating on the utilities provider’s stock.

ETR has been the subject of a number of other research reports. Morgan Stanley set a $98.00 price target on Entergy in a research report on Friday, February 20th. Mizuho boosted their price target on Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. BMO Capital Markets boosted their price target on Entergy from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.17.

Entergy Price Performance

Shares of NYSE:ETR opened at $114.60 on Monday. Entergy has a fifty-two week low of $75.57 and a fifty-two week high of $115.61. The business has a 50-day moving average of $104.64 and a two-hundred day moving average of $98.03. The stock has a market capitalization of $52.47 billion, a P/E ratio of 29.31, a P/E/G ratio of 2.27 and a beta of 0.57. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51.

Entergy (NYSE:ETR) last announced its quarterly earnings results 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 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 analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts predict that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be paid a $0.64 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s payout ratio is presently 65.47%.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently made changes to their positions in the business. Aristotle Capital Management LLC increased its stake in shares of Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 96 shares during the period. Rehmann Capital Advisory Group raised its holdings in Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after acquiring an additional 102 shares in the last quarter. MFA Wealth Services raised its holdings in Entergy by 3.8% in the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 107 shares in the last quarter. Oakworth Capital Inc. raised its holdings in Entergy by 7.6% in the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock valued at $143,000 after acquiring an additional 109 shares in the last quarter. Finally, Guidance Capital Inc. raised its holdings in Entergy by 0.8% in the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock valued at $1,348,000 after acquiring an additional 112 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

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.