Entergy (NYSE:ETR) Research Coverage Started at HSBC

HSBC started coverage on shares of Entergy (NYSE:ETR) in a research report report published on Thursday, Marketbeat reports. The firm issued a buy rating and a $123.50 price target on the utilities provider’s stock.

Several other brokerages have also recently weighed in on ETR. Barclays reiterated an “overweight” rating and set a $115.00 price target (down from $128.00) on shares of Entergy in a research report on Monday, October 19th. BTIG Research lowered their price objective on Entergy from $126.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Bank of America upped their price objective on Entergy from $112.00 to $115.00 in a research report on Monday, July 27th. KeyCorp dropped their price objective on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Twenty equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $121.25.

Entergy Price Performance

Shares of ETR opened at $107.39 on Thursday. The business’s 50-day moving average is $104.27 and its two-hundred day moving average is $109.42. The company has a market capitalization of $50.11 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.40 and a beta of 0.46. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy has a fifty-two week low of $90.87 and a fifty-two week high of $118.44.

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

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend 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 Transactions at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laura R. Landreaux sold 5,600 shares of the company’s stock in a transaction dated 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. The trade was a 19.87% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

Institutional Trading of Entergy

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Entergy during the 2nd quarter worth approximately $4,861,376,000. Bank of America Corp DE lifted its position in shares of 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 buying an additional 870,847 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Entergy in the 2nd quarter valued at $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Entergy by 4.3% in 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 during the period. Finally, Legal & General Group Plc acquired a new stake in Entergy in the 2nd quarter valued at $430,404,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.