Entergy (NYSE:ETR) Price Target Raised to $120.00

Entergy (NYSE:ETR) had its price target raised by Mizuho from $112.00 to $120.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Siebert Williams Shank initiated coverage on shares of Entergy in a report on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price on the stock. Morgan Stanley set a $98.00 price target on shares of Entergy in a research note on Friday, February 20th. TD Cowen initiated coverage on shares of Entergy in a report on Friday, January 9th. They issued a “buy” rating and a $108.00 price target for the company. Finally, Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.17.

Entergy Price Performance

ETR opened at $113.72 on Monday. The stock has a market cap of $52.06 billion, a P/E ratio of 29.08, a P/E/G ratio of 2.22 and a beta of 0.64. Entergy has a 12 month low of $75.57 and a 12 month high of $114.07. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $102.68 and a 200 day simple moving average of $97.12.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Hedge funds and other institutional investors have recently made changes to their positions in the business. United Community Bank lifted its position in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. grew its position in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Capital A Wealth Management LLC increased its stake in Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. Union Savings Bank acquired a new stake in Entergy in the 4th quarter valued at $28,000. Finally, Physician Wealth Advisors Inc. lifted its position in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares in the last quarter. 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.