Entergy (NYSE:ETR) Upgraded at Truist Financial

Entergy (NYSE:ETR) was upgraded by equities researchers at Truist Financial to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on ETR. Siebert Williams Shank began coverage on Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 price target on the stock. Wells Fargo & Company restated an “overweight” rating and set a $123.00 price target on shares of Entergy in a research report on Tuesday. Morgan Stanley set a $98.00 price target on Entergy in a research report on Friday, February 20th. Citigroup lifted their price target on Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Finally, KeyCorp restated an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.74.

Entergy Price Performance

Shares of ETR stock opened at $111.27 on Monday. The firm has a market cap of $50.94 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.24 and a beta of 0.57. Entergy has a fifty-two week low of $79.40 and a fifty-two week high of $117.81. The business’s 50 day moving average price is $107.87 and its 200-day moving average price is $99.51. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same quarter in the prior year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Entergy will post 4.4 earnings per share for the current year.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Entergy by 3.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 90 shares in the last quarter. Artesa Financial Group LLC bought a new stake in Entergy in the first quarter worth $213,000. Louisiana State Employees Retirement System bought a new stake in Entergy in the first quarter worth $2,596,000. First American Bank boosted its holdings in Entergy by 2.0% in the first quarter. First American Bank now owns 39,608 shares of the utilities provider’s stock worth $4,450,000 after acquiring an additional 785 shares in the last quarter. Finally, Breakwater Capital Group bought a new stake in Entergy in the first quarter worth $206,000. 88.07% of the stock is 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.