Entergy (NYSE:ETR) Research Coverage Started at TD Cowen

TD Cowen began coverage on shares of Entergy (NYSE:ETR) in a research note released on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $108.00 target price on the utilities provider’s stock.

ETR has been the subject of a number of other research reports. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Cowen began coverage on shares of Entergy in a research report on Thursday. They issued a “buy” rating for the company. Evercore ISI increased their price target on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. BTIG Research raised Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.19.

Entergy Trading Up 2.6%

ETR opened at $93.56 on Friday. The firm’s 50 day moving average is $94.05 and its 200-day moving average is $91.24. Entergy has a 52-week low of $75.04 and a 52-week high of $98.58. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $41.78 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.09 and a beta of 0.66.

Entergy (NYSE:ETR) last announced its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion during the quarter. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Analysts expect that Entergy will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were issued a $0.64 dividend. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. Entergy’s dividend payout ratio (DPR) is 63.21%.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% 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, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last three months. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of Entergy by 429.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 262,692 shares of the utilities provider’s stock worth $24,281,000 after buying an additional 213,070 shares during the period. Affinity Capital Advisors LLC bought a new stake in Entergy during the 4th quarter valued at $220,000. Fulton Bank N.A. boosted its position in Entergy by 3.9% during the 4th quarter. Fulton Bank N.A. now owns 5,740 shares of the utilities provider’s stock worth $531,000 after acquiring an additional 214 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Entergy by 84.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,074 shares of the utilities provider’s stock worth $10,459,000 after acquiring an additional 51,467 shares during the period. Finally, Oliver Luxxe Assets LLC grew its stake in shares of Entergy by 1.0% in the fourth quarter. Oliver Luxxe Assets LLC now owns 91,005 shares of the utilities provider’s stock worth $8,412,000 after purchasing an additional 906 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Company Profile

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.