Argus Raises Entergy (NYSE:ETR) Price Target to $118.00

Entergy (NYSE:ETR) had its price objective lifted by Argus from $100.00 to $118.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. Argus’ price target would indicate a potential upside of 2.18% from the company’s current price.

ETR has been the subject of a number of other reports. Siebert Williams Shank initiated coverage on shares of Entergy in a report on Tuesday, January 20th. They set a “buy” rating and a $109.00 price target for the company. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. JPMorgan Chase & Co. cut their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company increased their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Barclays upped their target price on Entergy from $96.00 to $118.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $110.17.

Entergy Trading Up 0.5%

Shares of ETR traded up $0.58 during mid-day trading on Monday, reaching $115.48. The company had a trading volume of 166,929 shares, compared to its average volume of 2,746,436. Entergy has a fifty-two week low of $75.57 and a fifty-two week high of $115.47. The firm has a fifty day simple moving average of $103.54 and a 200-day simple moving average of $97.55. The stock has a market cap of $52.87 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.51 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). 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 period last year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy will post 3.88 EPS for the current fiscal year.

Insider Activity at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System increased its holdings in shares of Entergy by 5.4% during the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock worth $40,408,000 after buying an additional 22,148 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after purchasing an additional 7,000 shares during the period. Nordea Investment Management AB boosted its holdings in Entergy by 66.0% during the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after buying an additional 318,221 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after acquiring an additional 13,841 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Entergy by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after purchasing an additional 7,212 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

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.