Entergy (NYSE:ETR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Entergy (NYSE:ETR) from a sell rating to a hold rating in a report issued on Saturday.

Several other equities research analysts have also commented on the company. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, July 20th. UBS Group reaffirmed a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. BMO Capital Markets increased their target price on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Truist Financial set a $127.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Trading Up 0.4%

Shares of Entergy stock opened at $108.03 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The firm has a 50-day simple moving average of $112.20 and a two-hundred day simple moving average of $108.51. The company has a market cap of $49.47 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Entergy will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.64%.

Insider Activity

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Entergy

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new stake in Entergy in the 4th quarter valued at about $528,313,000. Morgan Stanley lifted its position in Entergy by 22.9% in the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after buying an additional 1,986,369 shares during the last quarter. Raymond James Financial Inc. lifted its position in Entergy by 89.6% in the fourth quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after buying an additional 1,826,782 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in Entergy in the fourth quarter valued at about $153,616,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.