Entergy Corporation (NYSE:ETR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Entergy Corporation (NYSE:ETR) have been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $119.00.

Several equities research analysts have weighed in on ETR shares. Citigroup reissued a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Evercore set a $115.00 price objective on Entergy in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Barclays boosted their price objective on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Truist Financial set a $130.00 price objective on Entergy and gave the stock a “buy” rating in a research note on Monday, April 20th.

Entergy Trading Up 0.1%

Shares of NYSE ETR opened at $112.39 on Friday. The business’s 50 day moving average is $111.30 and its two-hundred day moving average is $101.93. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy has a 1-year low of $80.11 and a 1-year high of $118.44. The stock has a market capitalization of $51.46 billion, a P/E ratio of 28.67, a PEG ratio of 1.92 and a beta of 0.54.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s dividend payout ratio is currently 65.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Entergy by 3.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after buying an additional 90 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares during the period. Aristotle Capital Management LLC boosted its holdings in shares of Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 96 shares during the period. Founders Financial Securities LLC boosted its holdings in shares of Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 101 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Entergy by 2.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 102 shares during the period. Institutional investors 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.