Entergy (NYSE:ETR) Given New $118.00 Price Target at Barclays

Entergy (NYSE:ETR) had its price objective lifted by analysts at Barclays from $96.00 to $118.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price would suggest a potential upside of 6.70% from the stock’s current price.

A number of other brokerages have also recently weighed in on ETR. Siebert Williams Shank initiated coverage on Entergy in a report on Tuesday, January 20th. They set a “buy” rating and a $109.00 price objective on the stock. Mizuho increased 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. UBS Group reissued a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Finally, Argus set a $100.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.17.

Entergy Price Performance

Shares of NYSE ETR traded up $0.71 during mid-day trading on Monday, reaching $110.59. 1,915,912 shares of the company were exchanged, compared to its average volume of 2,752,854. Entergy has a 52 week low of $75.57 and a 52 week high of $111.99. The company’s 50 day moving average price is $101.68 and its 200 day moving average price is $96.70. The stock has a market capitalization of $50.10 billion, a PE ratio of 28.28, a PEG 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 (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS 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 firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts forecast that Entergy will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Entergy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after buying an additional 589,317 shares during the period. State Street Corp increased its position in shares of Entergy by 4.4% in the fourth quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after acquiring an additional 1,018,503 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Entergy by 54.9% during the fourth 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 last quarter. Bank of America Corp DE raised its stake in shares of Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock valued at $1,494,277,000 after acquiring an additional 452,562 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Entergy by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after purchasing an additional 479,093 shares during the period. Institutional investors own 88.07% of the company’s stock.

About Entergy

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.