Entergy (NYSE:ETR) Given New $117.00 Price Target at BTIG Research

Entergy (NYSE:ETR) had its price objective decreased by investment analysts at BTIG Research from $126.00 to $117.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the utilities provider’s stock. BTIG Research’s price target would suggest a potential upside of 10.10% from the stock’s current price.

ETR has been the topic of a number of other research reports. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. BMO Capital Markets upped their target price on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. KeyCorp lowered their target price on Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Morgan Stanley raised their target price on Entergy from $98.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Barclays reiterated an “overweight” rating and set a $115.00 target price (down from $128.00) on shares of Entergy in a report on Monday. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.14.

Entergy Trading Up 1.1%

Shares of ETR stock traded up $1.11 during mid-day trading on Tuesday, reaching $106.27. The company’s stock had a trading volume of 760,338 shares, compared to its average volume of 2,975,471. The company’s 50 day simple moving average is $104.28 and its 200-day simple moving average is $109.55. Entergy has a 12-month low of $90.87 and a 12-month high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $49.59 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Entergy will post 4.40 EPS for the current fiscal year.

Insider Buying and Selling at Entergy

In related news, insider Laura Landreaux sold 5,600 shares of Entergy stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider owned 22,589 shares of the company’s stock, valued at $2,398,951.80. The trade was a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Institutional Trading of Entergy

A number of hedge funds and other institutional investors have recently modified their holdings of ETR. Callan Family Office LLC acquired a new stake in Entergy during the 2nd quarter valued at approximately $3,250,000. Illinois Municipal Retirement Fund increased its holdings in Entergy by 18.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after purchasing an additional 27,868 shares during the last quarter. Nykredit A S acquired a new position in shares of Entergy in the 2nd quarter valued at approximately $22,064,000. Swiss National Bank raised its position in shares of Entergy by 7.1% in the 1st quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock valued at $147,270,000 after purchasing an additional 87,300 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Entergy in the 2nd quarter valued at approximately $1,991,669,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Company Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.