Entergy (NYSE:ETR) Price Target Raised to $120.00 at Mizuho

Entergy (NYSE:ETR) had its price target boosted by stock analysts at Mizuho from $112.00 to $120.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Mizuho’s target price suggests a potential upside of 8.21% from the company’s current price.

A number of other research analysts also recently commented on the company. Wells Fargo & Company boosted their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Argus set a $100.00 price objective on Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. KeyCorp increased their price target on Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Citigroup lifted their target price on shares of Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 18th. One equities research 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 company. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.94.

Entergy Stock Performance

Shares of ETR traded up $1.02 during trading hours on Monday, hitting $110.90. The company had a trading volume of 392,672 shares, compared to its average volume of 2,726,912. The firm has a market cap of $50.24 billion, a price-to-earnings ratio of 28.33, 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 has a 12 month low of $75.57 and a 12 month high of $111.99. The business has a fifty day moving average of $101.68 and a 200-day moving average of $96.70.

Entergy (NYSE:ETR) last issued its quarterly earnings data 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 firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate 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 firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy will post 3.88 EPS for the current fiscal year.

Insider Activity at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in 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 in the last quarter. Norges Bank purchased a new position in Entergy during the fourth quarter worth about $528,313,000. Morgan Stanley grew its position in 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 buying an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Entergy by 89.6% in the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after acquiring an additional 1,826,782 shares in the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Entergy during the 4th quarter valued at about $153,616,000. Hedge funds and other 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.