Entergy Corporation (NYSE:ETR) Stock Has Consensus Target Price of $120.47

Shares of Entergy Corporation (NYSE:ETR) have been given an average rating of “Moderate Buy” by the twenty research firms that are currently covering the stock, MarketBeat reports. Three research 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 $120.47.

ETR has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Truist Financial set a $122.00 target price on shares of Entergy and gave the stock a “buy” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Barclays cut their price objective on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th.

Entergy Stock Performance

ETR stock opened at $98.03 on Friday. Entergy has a twelve month low of $90.87 and a twelve month high of $118.44. The business’s fifty day moving average is $106.59 and its 200-day moving average is $109.88. 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 company has a market cap of $45.74 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.49.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a $0.64 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.6%. Entergy’s dividend payout ratio (DPR) is 65.64%.

Insider Activity

In other Entergy news, insider Laura R. Landreaux sold 5,600 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

A number of large investors have recently added to or reduced their stakes in ETR. Bell Investment Advisors Inc bought a new position in shares of Entergy in the second quarter valued at about $28,000. Pingora Partners LLC bought a new stake in shares of Entergy during the 2nd quarter valued at $30,000. Dynamic Wealth Strategies LLC bought a new stake in Entergy during the first quarter worth about $30,000. Fairway Wealth LLC acquired a new stake in shares of Entergy during the 1st quarter worth approximately $30,000. Finally, Union Savings Bank acquired a new stake in shares of Entergy in the 4th quarter valued at $28,000. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.