Barclays Has Lowered Expectations for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR) had its price objective dropped by investment analysts at Barclays from $124.00 to $119.00 in a report released 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 company’s current price.

ETR has been the subject of several other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $131.00 price target (up from $114.00) on shares of Entergy in a research report on Monday, April 20th. BMO Capital Markets raised their price objective on Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their target price on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Mizuho boosted their target price on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Finally, Morgan Stanley set a $94.00 price target on Entergy in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.58.

Entergy Price Performance

ETR stock opened at $108.31 on Wednesday. Entergy has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The company has a fifty day simple moving average of $111.88 and a two-hundred day simple moving average of $102.53. The firm has a market capitalization of $49.59 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ETR. Optiver Holding B.V. purchased a new position in Entergy during the 1st quarter valued at $300,000. Groupama Asset Managment increased its stake in Entergy by 5.1% in the first quarter. Groupama Asset Managment now owns 695,812 shares of the utilities provider’s stock worth $78,181,000 after purchasing an additional 33,493 shares during the period. Western Wealth Management LLC lifted its position in shares of Entergy by 5.4% during the first quarter. Western Wealth Management LLC now owns 5,285 shares of the utilities provider’s stock worth $594,000 after purchasing an additional 269 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Entergy during the first quarter worth $252,000. Finally, Bank of America Corp DE boosted its stake in shares of Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after purchasing an additional 870,847 shares during the period. 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.