Entergy (NYSE:ETR) Price Target Raised to $118.00 at BMO Capital Markets

Entergy (NYSE:ETR) had its target price raised by equities research analysts at BMO Capital Markets from $112.00 to $118.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 7.04% from the company’s previous close.

A number of other brokerages also recently weighed in on ETR. TD Cowen started coverage on shares of Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price target for the company. UBS Group reissued a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Morgan Stanley set a $98.00 price objective on Entergy in a research note on Friday, February 20th. KeyCorp increased their target price on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $107.50.

Entergy Price Performance

NYSE:ETR opened at $110.24 on Monday. Entergy has a 12-month low of $75.57 and a 12-month high of $111.99. The firm has a market capitalization of $49.94 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.17 and a beta of 0.64. The stock’s 50 day moving average price is $101.68 and its two-hundred day moving average price is $96.70. 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 posted its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same quarter in the prior year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Entergy will post 3.88 earnings per share for the current year.

Insider Buying and Selling at Entergy

In related 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 completion of the sale, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the period. Woodline Partners LP boosted its position in Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Entergy by 1.6% during the 2nd quarter. New York State Common Retirement Fund now owns 177,690 shares of the utilities provider’s stock worth $14,770,000 after acquiring an additional 2,786 shares during the period. Lido Advisors LLC raised its position in shares of Entergy by 1.1% in the 2nd quarter. Lido Advisors LLC now owns 13,765 shares of the utilities provider’s stock worth $1,144,000 after acquiring an additional 150 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Entergy by 129.1% in the 2nd quarter. Edgestream Partners L.P. now owns 146,306 shares of the utilities provider’s stock valued at $12,161,000 after purchasing an additional 82,440 shares during the period. 88.07% of the stock is currently owned by institutional investors.

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.