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

Entergy (NYSE:ETR) had its price target hoisted by stock analysts at Citigroup from $106.00 to $116.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. Citigroup’s target price points to a potential upside of 10.79% from the stock’s previous close.

A number of other research firms also recently weighed in on ETR. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 price target on shares of Entergy in a research note on Friday, January 23rd. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Mizuho set a $112.00 target price on shares of Entergy in a research report on Friday, February 13th. Wells Fargo & Company raised their price target on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, UBS Group reiterated a “buy” rating and issued a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.17.

Entergy Stock Down 1.3%

ETR stock traded down $1.37 during midday trading on Wednesday, reaching $104.70. The company had a trading volume of 319,806 shares, compared to its average volume of 2,576,275. The company has a 50 day moving average of $100.14 and a two-hundred day moving average of $95.80. The company has a market capitalization of $47.43 billion, a P/E ratio of 26.75, a PEG ratio of 2.10 and a beta of 0.64. Entergy has a 1 year low of $75.57 and a 1 year high of $107.93. 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 quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. 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. On average, equities research analysts expect that Entergy will post 3.88 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value 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. This trade represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Entergy

Institutional investors have recently made changes to their positions in the business. United Community Bank boosted its stake in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. lifted its holdings in shares of Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Capital A Wealth Management LLC boosted 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 valued at $28,000 after acquiring an additional 328 shares during the period. Union Savings Bank acquired a new stake in shares of Entergy in the fourth quarter worth $28,000. Finally, Physician Wealth Advisors Inc. grew its stake in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

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.