Weiss Ratings Reiterates Buy (B) Rating for Entergy (NYSE:ETR)

Key Points

• Weiss Ratings has reiterated its "buy (B)" rating for Entergy (NYSE:ETR), following a positive outlook from several other analysts.
• Entergy's stock price target has seen adjustments, with KeyCorp raising it to $96.00, while JPMorgan Chase increased their target to $103.00, reflecting a consensus rating of "Moderate Buy" and a target price of $93.00.
• Entergy reported earnings of $1.05 per share, exceeding expectations, and has set a fiscal year guidance for fiscal year 2025 at 3.750-3.95 EPS.

Entergy (NYSE:ETR - Get Free Report)'s stock had its "buy (b)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

ETR has been the topic of several other reports. KeyCorp reissued an "overweight" rating and issued a $96.00 price target (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Scotiabank set a $105.00 target price on Entergy and gave the stock an "outperform" rating in a research report on Friday, October 3rd. Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Morgan Stanley lowered their target price on Entergy from $86.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. upped their target price on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Entergy Price Performance

Shares of ETR opened at $96.70 on Wednesday. Entergy has a 52-week low of $64.38 and a 52-week high of $98.58. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The business's 50 day moving average price is $90.24 and its two-hundred day moving average price is $85.53. The firm has a market cap of $43.17 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. 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, equities analysts anticipate that Entergy will post 3.88 EPS for the current year.

Insider Buying and Selling at Entergy

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Mattson Financial Services LLC raised its holdings in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Atwood & Palmer Inc. increased its stake in Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock worth $27,000 after purchasing an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Entergy during the first quarter valued at approximately $28,000. Capital A Wealth Management LLC increased its stake in shares of Entergy by 5,466.7% during the second 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 period. Finally, GoalVest Advisory LLC increased its stake in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider's stock valued at $29,000 after buying an additional 344 shares during the period. Institutional investors own 88.07% of the company's stock.

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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