Recent Analysts’ Ratings Updates for Entergy (ETR)

Several brokerages have updated their recommendations and price targets on shares of Entergy (NYSE: ETR) in the last few weeks:

• 10/22/2024 – Entergy had its price target raised by analysts at KeyCorp from $140.00 to $143.00. They now have an “overweight” rating on the stock.
• 10/15/2024 – Entergy had its price target raised by analysts at BMO Capital Markets from $131.00 to $140.00. They now have an “outperform” rating on the stock.
• 10/14/2024 – Entergy had its price target raised by analysts at Royal Bank of Canada from $137.00 to $140.00. They now have an “outperform” rating on the stock.
• 10/7/2024 – Entergy had its price target lowered by analysts at Barclays PLC from $138.00 to $137.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – Entergy had its price target raised by analysts at KeyCorp from $130.00 to $140.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Entergy had its price target raised by analysts at Morgan Stanley from $109.00 to $115.00. They now have an “underweight” rating on the stock.
• 9/20/2024 – Entergy had its price target raised by analysts at UBS Group AG from $143.00 to $144.00. They now have a “buy” rating on the stock.
• 9/17/2024 – Entergy was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $138.00 price target on the stock, up previously from $115.00.
• 9/16/2024 – Entergy had its price target raised by analysts at KeyCorp from $123.00 to $130.00. They now have an “overweight” rating on the stock.
• 8/29/2024 – Entergy had its price target raised by analysts at Bank of America Co. from $135.00 to $138.00. They now have a “buy” rating on the stock.
• 8/28/2024 – Entergy was upgraded by analysts at Argus to a “strong-buy” rating.

Entergy Price Performance

Shares of ETR traded up $1.97 on Wednesday, hitting $136.95. The company’s stock had a trading volume of 1,075,439 shares, compared to its average volume of 1,552,476. The company has a 50 day moving average price of $126.37 and a 200 day moving average price of $115.32. Entergy Co. has a fifty-two week low of $90.78 and a fifty-two week high of $137.05. The company has a market capitalization of $29.24 billion, a PE ratio of 13.74, a PEG ratio of 2.46 and a beta of 0.74. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.16. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter in the prior year, the firm posted $1.84 earnings per share. On average, research analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio is 45.34%.

Insider Buying and Selling

In related news, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the sale, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,549,090. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,092,241.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,810 shares of company stock worth $6,140,626 over the last ninety days. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Large investors have recently bought and sold shares of the business. Cetera Trust Company N.A bought a new stake in Entergy during the third quarter valued at $29,000. Iron Horse Wealth Management LLC acquired a new position in Entergy during the second quarter worth $25,000. Heritage Wealth Advisors raised its holdings in shares of Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the last quarter. American National Bank boosted its stake in Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in Entergy during the 2nd quarter worth approximately $32,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.