Entergy (NYSE:ETR) Price Target Cut to $130.00 by Analysts at Jefferies Financial Group

Entergy (NYSE:ETR) had its price target trimmed by Jefferies Financial Group from $133.00 to $130.00 in a report released on Tuesday. The firm currently has a buy rating on the utilities provider’s stock.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Truist Financial set a $119.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Monday, October 12th. BMO Capital Markets lifted their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.14.

Entergy Price Performance

Shares of NYSE:ETR traded up $1.12 during trading on Tuesday, reaching $106.28. The company had a trading volume of 775,321 shares, compared to its average volume of 2,975,715. The company has a fifty day moving average of $104.28 and a two-hundred day moving average of $109.55. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $49.60 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. Entergy has a 12 month low of $90.87 and a 12 month high of $118.44.

Entergy (NYSE:ETR) last announced 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. 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 analyst estimates of $3.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy will post 4.40 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy’s dividend payout ratio is presently 65.64%.

Insider Activity at Entergy

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

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently added to or reduced their stakes in the company. Callan Family Office LLC purchased a new stake in shares of Entergy in the 2nd quarter worth about $3,250,000. Illinois Municipal Retirement Fund lifted its position in Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after acquiring an additional 27,868 shares during the period. Nykredit A S purchased a new position in Entergy during the 2nd quarter valued at about $22,064,000. Swiss National Bank boosted its stake in Entergy by 7.1% during the first quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock worth $147,270,000 after acquiring an additional 87,300 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Entergy during the second quarter worth about $1,991,669,000. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.