Entergy Corporation (NYSE:ETR) Stock Has Average Price Target of $120.61 According to Analysts

Entergy Corporation (NYSE:ETR) has been given an average recommendation of “Moderate Buy” by the twenty-two analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $121.25.

ETR has been the subject of several research analyst reports. Bank of America lifted their price objective on Entergy from $112.00 to $115.00 in a research note on Monday, July 27th. BTIG Research cut their price target on shares of Entergy from $126.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Scotiabank lowered their price objective on shares of Entergy from $129.00 to $121.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. Finally, Jefferies Financial Group lowered their price target on Entergy from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday.

Entergy Stock Performance

Shares of ETR stock opened at $107.39 on Wednesday. The business’s 50 day simple moving average is $104.27 and its 200 day simple moving average is $109.42. The stock has a market capitalization of $50.11 billion, a PE ratio of 27.53, a PEG ratio of 2.42 and a beta of 0.46. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy has a one year low of $90.87 and a one year high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts forecast that Entergy will post 4.40 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Insider Activity

In related news, insider Laura Landreaux sold 5,600 shares of the business’s stock in a transaction dated 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 owned 22,589 shares of the company’s stock, valued at $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was acquired 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. This trade represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Entergy during the second quarter valued at $4,861,376,000. Bank of America Corp DE boosted its holdings in Entergy by 5.3% during the 1st 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 acquiring an additional 870,847 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Entergy during the second quarter valued at $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Entergy by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock valued at $452,681,000 after acquiring an additional 161,411 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Entergy during the second quarter valued at about $430,404,000. 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.