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

Entergy (NYSE:ETR) had its price target lifted by investment analysts at Citigroup from $106.00 to $116.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. Citigroup’s price objective would suggest a potential upside of 11.55% from the company’s previous close.

ETR has been the topic of a number of other reports. UBS Group restated a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Mizuho set a $112.00 price objective on shares of Entergy in a research note on Friday, February 13th. Morgan Stanley set a $98.00 target price on Entergy in a report on Friday, February 20th. Argus set a $100.00 target price on Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. One equities 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.17.

Entergy Trading Down 0.3%

Shares of ETR stock opened at $103.99 on Wednesday. The firm has a market capitalization of $47.11 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 2.06 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. Entergy has a 1 year low of $75.57 and a 1 year high of $107.93. The stock has a fifty day moving average of $100.65 and a two-hundred day moving average of $95.92.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy will post 3.88 EPS for the current year.

Insider Buying and Selling

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 completion of the sale, the executive vice president directly 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 available through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of large investors have recently made changes to their positions in the company. Brighton Jones LLC grew its position in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Entergy by 5.7% in the second quarter. Intech Investment Management LLC now owns 23,357 shares of the utilities provider’s stock worth $1,941,000 after buying an additional 1,261 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Entergy by 20.0% in the second quarter. Citizens Financial Group Inc. RI now owns 3,797 shares of the utilities provider’s stock worth $316,000 after buying an additional 634 shares during the period. Finally, Western Wealth Management LLC grew its holdings in shares of Entergy by 22.2% during the second quarter. Western Wealth Management LLC now owns 3,964 shares of the utilities provider’s stock valued at $330,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds 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.