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

Entergy (NYSE:ETR) had its price target lifted by Barclays from $96.00 to $118.00 in a report published on Monday,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

Other equities analysts have also issued research reports about the stock. Mizuho boosted their target price on shares of Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets increased their price target on shares of Entergy from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday. Siebert Williams Shank began coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target for the company. TD Cowen initiated coverage on shares of Entergy in a research report on Friday, January 9th. They issued a “buy” rating and a $108.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.17.

Entergy Price Performance

NYSE ETR opened at $113.72 on Monday. The stock has a 50-day simple moving average of $102.68 and a 200 day simple moving average of $97.12. Entergy has a twelve month low of $75.57 and a twelve month high of $114.07. The stock has a market capitalization of $52.06 billion, a PE ratio of 29.08, a P/E/G ratio of 2.22 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Entergy

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares in the last quarter. Norges Bank acquired a new stake in Entergy during the fourth quarter valued at approximately $528,313,000. Morgan Stanley grew its stake in shares of Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after purchasing an additional 1,986,369 shares during the period. Raymond James Financial Inc. grew its stake in shares of Entergy by 89.6% in the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after purchasing an additional 1,826,782 shares during the period. Finally, Zimmer Partners LP acquired a new position in shares of Entergy in the 4th quarter worth approximately $153,616,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.