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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Entergy, with 17 buy ratings and two holds across 19 brokerages. The average 12-month price target is $120.61, above the reported share price of $105.07.
• Entergy exceeded quarterly expectations, reporting $1.03 in adjusted EPS versus the $1.01 consensus and revenue of $3.52 billion. Analysts expect approximately $4.40 in EPS for the current fiscal year.
• The company pays a quarterly dividend of $0.64 per share, equal to an annualized $2.56 and a 2.4% yield; institutional investors own 88.07% of Entergy’s outstanding shares.

Shares of Entergy Corporation (NYSE:ETR - Get Free Report) have received an average rating of "Moderate Buy" from the nineteen brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $120.61.

ETR has been the subject of a number of recent analyst reports. Wall Street Zen lowered Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. KeyCorp cut their target price on Entergy from $123.00 to $118.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. JPMorgan Chase & Co. decreased their target price on Entergy from $137.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. BMO Capital Markets boosted their price target on Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Finally, Evercore reissued an "outperform" rating and issued a $128.00 target price on shares of Entergy in a report on Monday, August 17th.

Entergy Stock Up 1.2%

Shares of ETR stock opened at $105.07 on Wednesday. The company has a market capitalization of $49.03 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.32 and a beta of 0.46. Entergy has a one year low of $90.87 and a one year high of $118.44. The company's fifty day moving average price is $104.28 and its 200-day moving average price is $109.55. 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 (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share 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 the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy will post 4.40 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a dividend of $0.64 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy's dividend payout ratio (DPR) is presently 65.64%.

Insider Activity

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

Hedge Funds Weigh In On Entergy

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Entergy during the second quarter worth $4,861,376,000. Bank of America Corp DE bought a new position in Entergy during the second quarter valued at $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entergy in the second quarter valued at $633,338,000. Legal & General Group Plc purchased a new stake in shares of Entergy in the second quarter valued at $430,404,000. Finally, Deutsche Bank AG purchased a new stake in shares of Entergy in the second quarter valued at $289,303,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

About Entergy

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.

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