Entergy (NYSE:ETR) Given New $118.00 Price Target at BMO Capital Markets

Entergy (NYSE:ETR) had its price target upped by research analysts at BMO Capital Markets from $112.00 to $118.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 7.04% from the stock’s current price.

ETR has been the topic of several other research reports. Siebert Williams Shank assumed coverage on Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target on the stock. Citigroup lifted their price target on shares of Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Morgan Stanley set a $98.00 price objective on shares of Entergy in a research note on Friday, February 20th. Argus set a $100.00 price objective on shares of Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.50.

Entergy Stock Performance

NYSE:ETR opened at $110.24 on Monday. 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 twelve month low of $75.57 and a twelve month high of $111.99. The company has a fifty day moving average of $101.68 and a 200-day moving average of $96.70. The firm has a market capitalization of $49.94 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.17 and a beta of 0.64.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) 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 company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts anticipate that Entergy will post 3.88 EPS for the current year.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the business’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 transaction, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently modified their holdings of ETR. Vanguard Group Inc. lifted its holdings in Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after acquiring an additional 589,317 shares during the period. State Street Corp increased its position in shares of Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the period. Bank of America Corp DE raised its stake in shares of Entergy by 2.9% during the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after purchasing an additional 452,562 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Entergy by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after buying an additional 479,093 shares during the last quarter. 88.07% of the stock is 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.