Brokerages Set Entergy Corporation (NYSE:ETR) Target Price at $120.84

Entergy Corporation (NYSE:ETR) has been given an average recommendation of “Moderate Buy” by the twenty research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $120.8421.

ETR has been the subject of several research analyst reports. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. BTIG Research reiterated a “buy” rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, Evercore reaffirmed an “outperform” rating and issued a $128.00 price target on shares of Entergy in a report on Monday, August 17th.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Entergy

A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. California State Teachers Retirement System grew its position in shares of Entergy by 11,763.2% in the second quarter. California State Teachers Retirement System now owns 61,144,343 shares of the utilities provider’s stock valued at $7,023,039,000 after purchasing an additional 60,628,930 shares in the last quarter. BlackRock Inc. bought a new position in Entergy in the 2nd quarter worth about $4,861,376,000. State Street Corp boosted its stake in Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after purchasing an additional 1,018,503 shares during the period. JPMorgan Chase & Co. grew its holdings in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after buying an additional 8,046,287 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after buying an additional 870,847 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 0.1%

Shares of NYSE:ETR opened at $107.16 on Tuesday. Entergy has a 12-month low of $86.40 and a 12-month high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market cap of $50.00 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.40 and a beta of 0.49. The business’s 50 day moving average is $110.14 and its 200 day moving average is $110.16.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts forecast that Entergy will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

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.