Mizuho Boosts Entergy (NYSE:ETR) Price Target to $120.00

Entergy (NYSE:ETR) had its target price increased by Mizuho from $112.00 to $120.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price objective would suggest a potential upside of 8.21% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Siebert Williams Shank initiated coverage on shares of Entergy in a research note on Tuesday, January 20th. They set a “buy” rating and a $109.00 price objective on the stock. Morgan Stanley set a $98.00 price target on Entergy in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. cut their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $107.94.

Entergy Trading Up 0.9%

NYSE:ETR traded up $1.02 during midday trading on Monday, reaching $110.90. 392,672 shares of the stock traded hands, compared to its average volume of 2,726,912. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The company has a fifty day moving average of $101.68 and a 200 day moving average of $96.70. The stock has a market capitalization of $50.24 billion, a P/E ratio of 28.33, a PEG ratio of 2.17 and a beta of 0.64. Entergy has a 12 month low of $75.57 and a 12 month high of $111.99.

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 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 during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict 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 stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Entergy

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC boosted its stake in shares of Entergy by 13.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,161,524 shares of the utilities provider’s stock worth $107,441,000 after acquiring an additional 135,390 shares during the last quarter. Forty three Eighteen Advisors LLC bought a new position in Entergy in the 4th quarter worth $1,199,000. Rockefeller Capital Management L.P. lifted its position in Entergy by 45.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 374,145 shares of the utilities provider’s stock valued at $34,582,000 after purchasing an additional 117,009 shares in the last quarter. World Investment Advisors lifted its position in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,599,000 after purchasing an additional 38,195 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Entergy by 2.9% during the fourth quarter. Corient Private Wealth LLC now owns 105,392 shares of the utilities provider’s stock valued at $9,742,000 after purchasing an additional 2,994 shares during the period. Hedge funds and other institutional investors 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.