Barclays Increases Entergy (NYSE:ETR) Price Target to $118.00

Entergy (NYSE:ETR) had its target price upped by equities research analysts at Barclays from $96.00 to $118.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would suggest a potential upside of 6.70% from the company’s previous close.

Other analysts also recently issued reports about the company. KeyCorp raised their target price on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Citigroup lifted their price objective on Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. UBS Group reaffirmed a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Finally, Mizuho boosted their price target on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $109.17.

Entergy Stock Performance

ETR traded up $0.71 during trading on Monday, hitting $110.59. 1,915,912 shares of the company traded hands, compared to its average volume of 2,752,854. The firm has a market cap of $50.10 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.64. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. Entergy has a one year low of $75.57 and a one year high of $111.99. The stock’s fifty day moving average is $101.68 and its 200 day moving average is $96.70.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Entergy will post 3.88 EPS for the current fiscal year.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the transaction, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Norges Bank purchased a new position in shares of Entergy during the fourth quarter worth about $528,313,000. Morgan Stanley grew its holdings in shares of Entergy by 22.9% during the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after purchasing an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Entergy by 89.6% in the fourth quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock worth $357,415,000 after purchasing an additional 1,826,782 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Entergy in the fourth quarter worth approximately $153,616,000. Institutional investors own 88.07% of the company’s stock.

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.