Entergy Corporation (NYSE:ETR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Entergy Corporation has received a consensus recommendation of "Moderate Buy" from sixteen analysts, with an average one-year price target of $89.87.
• Insider Haley Fisackerly sold 4,463 shares of Entergy for approximately $403,901.50, resulting in a significant decrease in their ownership stake.
• The company declared a quarterly dividend of $0.60 per share, representing an annualized dividend of $2.40 and a yield of 2.7%.

Shares of Entergy Corporation (NYSE:ETR - Get Free Report) have received a consensus rating of "Moderate Buy" from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $89.8667.

ETR has been the subject of a number of recent research reports. Mizuho set a $97.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays lowered their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock an "outperform" rating in a report on Thursday, August 21st. KeyCorp reiterated an "overweight" rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Finally, Raymond James Financial initiated coverage on shares of Entergy in a report on Friday, June 13th. They set a "market perform" rating for the company.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company's stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. grew its holdings in Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider's stock valued at $321,000 after purchasing an additional 116 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Entergy by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider's stock valued at $3,377,000 after purchasing an additional 118 shares during the period. CW Advisors LLC grew its holdings in Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider's stock valued at $308,000 after purchasing an additional 121 shares during the period. Virtus Investment Advisers LLC grew its holdings in Entergy by 6.2% in the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider's stock valued at $176,000 after purchasing an additional 124 shares during the period. Finally, My Legacy Advisors LLC grew its stake in Entergy by 0.8% during the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider's stock worth $1,361,000 after buying an additional 128 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Up 0.0%

Shares of NYSE ETR opened at $90.32 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy has a 52 week low of $63.18 and a 52 week high of $92.40. The firm has a 50-day moving average price of $87.93 and a 200 day moving average price of $84.55. The stock has a market capitalization of $40.32 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 2.46 and a beta of 0.61.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter last year, the business earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. Equities research analysts anticipate that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Entergy's payout ratio is 59.85%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

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