Entergy (NYSE:ETR) Price Target Raised to $129.00

Entergy (NYSE:ETR) had its price target lifted by JPMorgan Chase & Co. from $126.00 to $129.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Several other brokerages have also weighed in on ETR. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Tuesday, April 21st. Argus upped their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Royal Bank Of Canada restated an “outperform” rating and set a $112.00 price target on shares of Entergy in a research note on Friday, January 23rd. UBS Group restated a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $119.21.

Entergy Trading Down 3.4%

Shares of Entergy stock opened at $109.08 on Wednesday. The firm has a market capitalization of $49.95 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.93 and a beta of 0.54. Entergy has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a 50 day moving average of $110.63 and a 200 day moving average of $101.39.

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. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the prior year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Entergy will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be paid a $0.64 dividend. 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 (DPR) is presently 65.31%.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Trading of Entergy

Several hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund raised its stake in Entergy by 3.9% in the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after buying an additional 7,000 shares in the last quarter. Nordea Investment Management AB raised its stake in Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after buying an additional 318,221 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Entergy by 124.6% in the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after buying an additional 13,841 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Entergy in the third quarter valued at $108,005,000. Finally, Aurora Investment Counsel acquired a new stake in Entergy in the third quarter valued at $3,120,000. 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.