Entergy Corporation (NYSE:ETR - Get Free Report) saw strong trading volume on Wednesday . 3,561,677 shares changed hands during trading, an increase of 29% from the previous session's volume of 2,766,506 shares.The stock last traded at $113.1350 and had previously closed at $117.36.
Analysts Set New Price Targets
ETR has been the topic of several analyst reports. UBS Group reaffirmed a "buy" rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. TD Cowen began coverage on shares of Entergy in a research note on Friday, January 9th. They issued a "buy" rating and a $108.00 target price on the stock. Seaport Research Partners downgraded shares of Entergy from a "buy" rating to a "neutral" rating in a research report on Monday, April 20th. Siebert Williams Shank began coverage on shares of Entergy in a research report on Tuesday, January 20th. They set a "buy" rating and a $109.00 price objective on the stock. Finally, Jefferies Financial Group reissued a "buy" rating and set a $131.00 price objective (up from $114.00) on shares of Entergy in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $118.11.
Read Our Latest Stock Analysis on ETR
Entergy Trading Down 3.8%
The stock has a market cap of $51.71 billion, a P/E ratio of 28.81, a PEG ratio of 2.30 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The stock's fifty day moving average price is $109.64 and its 200 day moving average price is $100.53.
Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $2.89 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.
Entergy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be paid a $0.64 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy's payout ratio is presently 65.31%.
Insider Transactions at Entergy
In related news, EVP John C. Dinelli sold 5,372 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Entergy
Hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in Entergy in the 1st quarter worth about $30,000. United Community Bank raised its position in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider's stock worth $25,000 after buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. raised its position in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock worth $26,000 after buying an additional 154 shares during the last quarter. Union Savings Bank purchased a new position in Entergy in the 4th quarter worth about $28,000. Finally, Physician Wealth Advisors Inc. raised its position in Entergy by 56.9% in 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 during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
About Entergy
(
Get Free Report)
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.
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