Entergy (NYSE:ETR) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Entergy (NYSE:ETR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts also recently weighed in on ETR. Argus raised their price target on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Citigroup reiterated a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. BTIG Research reissued a “buy” rating and issued a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Finally, Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, July 20th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Trading Down 0.1%

Shares of ETR opened at $107.95 on Friday. The company has a market capitalization of $49.43 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.84 and a beta of 0.50. Entergy has a one year low of $86.40 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.73 and a current ratio of 0.91. The stock has a 50-day moving average price of $112.29 and a 200 day moving average price of $108.31.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts forecast that Entergy will post 4.4 EPS for the current fiscal year.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

Institutional investors have recently modified their holdings of the business. United Community Bank boosted its stake in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares during the period. Washington Trust Advisors Inc. increased its position in Entergy by 119.4% in 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 period. Union Savings Bank bought a new stake in Entergy in the fourth quarter valued at $28,000. Fairway Wealth LLC acquired a new position in shares of Entergy during the first quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Entergy during the first quarter worth about $30,000. Institutional investors own 88.07% of the company’s stock.

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.