KeyCorp Forecasts Strong Price Appreciation for Entergy (NYSE:ETR) Stock

Entergy (NYSE:ETR) had its target price increased by analysts at KeyCorp from $102.00 to $111.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price would indicate a potential upside of 4.92% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup lifted their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Mizuho set a $112.00 target price on Entergy in a research note on Friday, February 13th. Barclays set a $96.00 price target on Entergy and gave the company an “overweight” rating in a research note on Thursday, January 15th. TD Cowen began coverage on Entergy in a research note on Friday, January 9th. They issued a “buy” rating and a $108.00 price objective for the company. Finally, UBS Group reaffirmed a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.61.

Entergy Stock Performance

Shares of ETR opened at $105.79 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a market cap of $47.92 billion, a PE ratio of 27.06, a P/E/G ratio of 2.11 and a beta of 0.64. Entergy has a 12 month low of $75.57 and a 12 month high of $107.93. The stock has a fifty day moving average price of $97.68 and a 200-day moving average price of $94.66.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.99 billion. During the same quarter last year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 transaction, the executive vice president directly owned 23,609 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Entergy

Several large investors have recently made changes to their positions in the company. United Community Bank boosted its holdings in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Capital A Wealth Management LLC raised its position in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Entergy during the 2nd quarter valued at about $30,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares in the last quarter. 88.07% of the stock is currently 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.