Barclays Cuts Entergy (NYSE:ETR) Price Target to $119.00

Entergy (NYSE:ETR) had its target price decreased by analysts at Barclays from $124.00 to $119.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price suggests a potential upside of 9.87% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on ETR. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Argus raised their price objective on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Mizuho boosted their target price on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. UBS Group reaffirmed a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, KeyCorp reiterated an “overweight” rating and issued a $123.00 price target (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.58.

Entergy Price Performance

NYSE ETR opened at $108.31 on Wednesday. The business’s fifty day moving average price is $111.88 and its 200-day moving average price is $102.53. The stock has a market capitalization of $49.59 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.79 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy has a 1-year low of $80.11 and a 1-year high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same quarter in the previous year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy will post 4.4 earnings per share for the current year.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB grew its position in shares of Entergy by 66.0% during the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after purchasing an additional 318,221 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Entergy in the third quarter worth about $108,005,000. Aurora Investment Counsel bought a new position in Entergy during the third quarter valued at approximately $3,120,000. Reaves W H & Co. Inc. boosted its stake in Entergy by 15.7% during the third quarter. Reaves W H & Co. Inc. now owns 2,288,367 shares of the utilities provider’s stock valued at $213,253,000 after buying an additional 310,589 shares during the last quarter. Finally, Tounjian Advisory Partners LLC purchased a new position in Entergy during the 4th quarter valued at approximately $1,473,000. 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.