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

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

ETR has been the subject of several analyst reports. UBS Group reiterated a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a $131.00 price objective (up from $114.00) on shares of Entergy in a report on Monday, April 20th. KeyCorp reiterated an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Scotiabank reiterated an “outperform” rating and set a $129.00 price objective (up from $114.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Wells Fargo & Company increased their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th.

Hedge Funds Weigh In On Entergy

Several hedge funds have recently made changes to their positions in ETR. JPMorgan Chase & Co. increased its position in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Norges Bank acquired a new position in shares of Entergy in the 4th quarter valued at $528,313,000. Morgan Stanley increased its position in shares of Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after acquiring an additional 1,986,369 shares during the period. Raymond James Financial Inc. increased its position in shares of Entergy by 89.6% in the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after acquiring an additional 1,826,782 shares during the period. Finally, Zimmer Partners LP acquired a new position in shares of Entergy in the 4th quarter valued at $153,616,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.1%

Entergy stock opened at $112.39 on Friday. The business has a fifty day moving average of $111.30 and a two-hundred day moving average of $101.93. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The firm has a market cap of $51.46 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.92 and a beta of 0.54. Entergy has a twelve month low of $80.11 and a twelve month high of $118.44.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast that Entergy will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

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.