Weekly Investment Analysts’ Ratings Changes for Entergy (ETR)

Several brokerages have updated their recommendations and price targets on shares of Entergy (NYSE: ETR) in the last few weeks:

• 8/20/2024 – Entergy had its price target raised by analysts at Scotiabank from $115.00 to $119.00. They now have a “sector perform” rating on the stock.
• 8/12/2024 – Entergy had its price target raised by analysts at JPMorgan Chase & Co. from $131.00 to $141.00. They now have an “overweight” rating on the stock.
• 8/5/2024 – Entergy had its price target raised by analysts at BMO Capital Markets from $124.00 to $131.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Entergy had its price target raised by analysts at Scotiabank from $104.00 to $115.00. They now have a “sector perform” rating on the stock.
• 8/2/2024 – Entergy had its price target raised by analysts at Wells Fargo & Company from $125.00 to $137.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Entergy had its price target raised by analysts at Guggenheim from $118.00 to $128.00. They now have a “buy” rating on the stock.
• 7/22/2024 – Entergy had its price target lowered by analysts at Barclays PLC from $116.00 to $115.00. They now have an “equal weight” rating on the stock.
• 7/8/2024 – Entergy had its price target lowered by analysts at BMO Capital Markets from $120.00 to $117.00. They now have an “outperform” rating on the stock.
• 6/24/2024 – Entergy had its price target lowered by analysts at Morgan Stanley from $103.00 to $98.00. They now have an “underweight” rating on the stock.

Entergy Price Performance

Shares of NYSE:ETR traded down $0.09 during midday trading on Thursday, hitting $118.79. The company had a trading volume of 598,124 shares, compared to its average volume of 1,520,551. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 2.29 and a beta of 0.71. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $123.61. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.45. The business’s 50-day simple moving average is $111.23 and its 200-day simple moving average is $107.35.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm earned $1.84 earnings per share. On average, research analysts predict that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Tuesday, August 13th. Entergy’s dividend payout ratio is presently 45.34%.

Insider Buying and Selling at Entergy

In related news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC raised its holdings in Entergy by 15.6% in the 4th quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock valued at $1,492,000 after acquiring an additional 1,989 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Entergy by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock valued at $25,275,000 after acquiring an additional 13,882 shares during the last quarter. Cetera Advisor Networks LLC raised its holdings in Entergy by 11.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock valued at $5,592,000 after acquiring an additional 5,509 shares during the last quarter. Norges Bank acquired a new position in Entergy in the 4th quarter valued at $127,675,000. Finally, Groupama Asset Managment acquired a new position in Entergy in the 4th quarter valued at $15,783,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.