Citigroup Raises Entergy (NYSE:ETR) Price Target to $116.00

Entergy (NYSE:ETR) had its price target increased by research analysts at Citigroup from $106.00 to $116.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. Citigroup’s target price would indicate a potential upside of 10.79% from the company’s previous close.

ETR has been the topic of several other research reports. BMO Capital Markets raised their target price on shares of Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. TD Cowen started coverage on shares of Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 price target for the company. JPMorgan Chase & Co. decreased 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Finally, Morgan Stanley set a $98.00 target price on Entergy in a research report on Friday, February 20th. 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.17.

Entergy Stock Performance

ETR stock traded down $1.37 on Wednesday, reaching $104.70. The company’s stock had a trading volume of 319,806 shares, compared to its average volume of 2,576,275. Entergy has a 52 week low of $75.57 and a 52 week high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The company has a market capitalization of $47.43 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.10 and a beta of 0.64. The firm has a fifty day moving average of $100.14 and a two-hundred day moving average of $95.80.

Entergy (NYSE:ETR) last announced its quarterly 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). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts predict that Entergy will post 3.88 EPS for the current fiscal year.

Insider Activity

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s 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 transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System raised its stake in Entergy by 5.4% during the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after purchasing an additional 22,148 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Entergy by 3.9% during 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. TD Waterhouse Canada Inc. raised its position in Entergy by 124.6% during 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Entergy by 13.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after acquiring an additional 7,212 shares in the last quarter. Finally, World Investment Advisors boosted its position in Entergy by 269.9% during the 3rd quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock worth $2,086,000 after acquiring an additional 16,332 shares during the period. 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.