HSBC Begins Coverage on Entergy (NYSE:ETR)

Research analysts at HSBC initiated coverage on shares of Entergy (NYSE:ETR) in a report issued on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $123.50 price target on the utilities provider’s stock. HSBC’s price objective would indicate a potential upside of 16.47% from the company’s previous close.

ETR has been the topic of several other research reports. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. cut their price target on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. UBS Group lifted their target price on shares of Entergy from $129.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Bank of America boosted their price target on Entergy from $112.00 to $115.00 in a report on Monday, July 27th. Finally, Barclays reiterated an “overweight” rating and set a $115.00 price target (down from $128.00) on shares of Entergy in a research report on Monday. Twenty investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Entergy Stock Up 0.8%

Shares of NYSE ETR opened at $106.04 on Thursday. Entergy has a 12 month low of $90.87 and a 12 month high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $49.48 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.35 and a beta of 0.46. The business has a 50-day moving average of $104.25 and a 200-day moving average of $109.48.

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

Insider Activity

In other Entergy news, insider Laura R. Landreaux sold 5,600 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Entergy

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Entergy during the 2nd quarter worth approximately $4,861,376,000. Bank of America Corp DE purchased a new stake in shares of Entergy during the second quarter valued at about $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Entergy in the second quarter valued at approximately $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Entergy by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock worth $452,681,000 after purchasing an additional 161,411 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Entergy during the second quarter worth about $430,404,000. 88.07% of the stock is currently owned by 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.