Entergy Corporation (NYSE:ETR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Entergy Corporation (NYSE:ETR) has received a consensus rating of "Moderate Buy" from sixteen research firms, with one strong buy recommendation, ten buy ratings, and five holds.
• The company's average one-year price target is approximately $88.14, while recent analyst updates have set price targets between $87.00 and $103.00.
• Entergy reported $1.05 earnings per share for the last quarter, surpassing estimates, and has declared a quarterly dividend of $0.60 per share, reflecting a 2.7% yield.

Shares of Entergy Corporation (NYSE:ETR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the sixteen research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $88.1429.

Several equities analysts recently issued reports on the company. Raymond James Financial assumed coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. Mizuho set a $97.00 price objective on shares of Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. KeyCorp restated an "overweight" rating and set a $96.00 price objective (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Finally, Barclays cut their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th.

Entergy Stock Performance

Shares of Entergy stock opened at $89.1790 on Friday. The stock's fifty day simple moving average is $85.66 and its 200 day simple moving average is $84.04. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $39.81 billion, a PE ratio of 22.21, a PEG ratio of 2.44 and a beta of 0.57. Entergy has a 12 month low of $59.05 and a 12 month high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 11.52% and a net margin of 14.35%.During the same period in the previous year, the firm earned $1.92 earnings per share. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts predict that Entergy will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy's dividend payout ratio is currently 59.85%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company's stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors and hedge funds have recently modified their holdings of ETR. Vanguard Group Inc. lifted its holdings in shares of Entergy by 3.0% during the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider's stock worth $4,692,928,000 after buying an additional 1,630,674 shares in the last quarter. State Street Corp grew its stake in shares of Entergy by 4.5% in the second quarter. State Street Corp now owns 22,920,881 shares of the utilities provider's stock valued at $1,905,184,000 after acquiring an additional 981,750 shares in the last quarter. Bank of America Corp DE increased its position in Entergy by 142.8% during the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after acquiring an additional 10,347,926 shares during the period. Ameriprise Financial Inc. raised its stake in Entergy by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider's stock worth $1,134,850,000 after purchasing an additional 479,093 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Entergy by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider's stock worth $930,541,000 after purchasing an additional 505,344 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Company Profile

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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