Analysts’ Recent Ratings Changes for Entergy (ETR)

Entergy (NYSE: ETR) has recently received a number of price target changes and ratings updates:

• 12/21/2024 – Entergy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/12/2024 – Entergy had its price target raised by analysts at Scotiabank from $72.00 to $82.50. They now have a “sector perform” rating on the stock.
• 12/9/2024 – Entergy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/4/2024 – Entergy was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.
• 12/3/2024 – Entergy had its price target raised by analysts at UBS Group AG from $72.00 to $90.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Entergy had its price target lowered by analysts at BMO Capital Markets from $83.00 to $79.50. They now have an “outperform” rating on the stock.
• 11/9/2024 – Entergy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/5/2024 – Entergy had its price target raised by analysts at Barclays PLC from $68.50 to $76.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – Entergy had its price target raised by analysts at Mizuho from $69.00 to $82.50. They now have an “outperform” rating on the stock.
• 11/4/2024 – Entergy was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $77.00 price target on the stock, up previously from $69.00.
• 11/4/2024 – Entergy was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $75.00 price target on the stock, up previously from $58.00.
• 11/1/2024 – Entergy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/1/2024 – Entergy had its price target raised by analysts at Scotiabank from $59.50 to $72.00. They now have a “sector perform” rating on the stock.
• 11/1/2024 – Entergy had its price target raised by analysts at Wells Fargo & Company from $68.50 to $85.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Entergy had its price target raised by analysts at KeyCorp from $71.50 to $81.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Entergy had its price target raised by analysts at BMO Capital Markets from $73.00 to $83.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Entergy had its price target raised by analysts at Guggenheim from $72.50 to $82.50. They now have a “buy” rating on the stock.

Entergy Stock Performance

Shares of ETR stock traded up $0.80 on Tuesday, hitting $76.23. 830,719 shares of the stock were exchanged, compared to its average volume of 3,244,558. Entergy Corporation has a one year low of $48.08 and a one year high of $79.04. The firm’s 50 day moving average is $73.25 and its two-hundred day moving average is $63.80. The firm has a market capitalization of $32.69 billion, a PE ratio of 18.57, a P/E/G ratio of 2.48 and a beta of 0.71. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.04. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the prior year, the company posted $1.64 EPS. Sell-side analysts expect that Entergy Corporation will post 3.61 earnings per share for the current fiscal year.

Entergy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is presently 58.39%.

Insider Buying and Selling

In other news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 8,268 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total transaction of $616,090.02. Following the completion of the sale, the insider now directly owns 4,032 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,756 shares of company stock valued at $1,095,637. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently modified their holdings of ETR. Principal Financial Group Inc. grew its holdings in shares of Entergy by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after purchasing an additional 10,697 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Entergy by 35.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 13,076 shares of the utilities provider’s stock valued at $1,723,000 after buying an additional 3,456 shares during the period. DGS Capital Management LLC grew its stake in shares of Entergy by 17.9% during the third quarter. DGS Capital Management LLC now owns 4,141 shares of the utilities provider’s stock valued at $545,000 after buying an additional 628 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after buying an additional 1,981,611 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Entergy by 181.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider’s stock valued at $1,884,000 after acquiring an additional 9,227 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

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.