12 Best Utility Stocks to Buy Now According to Hedge Funds

9. Entergy Corporation (NYSE:ETR) 

Number of Billionaire Holders: 50

Entergy Corporation (NYSE:ETR) is an integrated US energy company that provides electricity to more than 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.

On June 24, Morgan Stanley analyst David Arcaro lifted the firm’s price target on Entergy Corporation (NYSE:ETR) from $94 to $103, while reiterating an ‘Equal Weight’ rating on the shares. The target boost, which still indicates a downside of over 11% from the current levels, comes after Morgan Stanley updated its price objectives for Regulated & Diversified Utilities / IPPs in North America for the month of May.

The analyst firm noted that the utilities sector declined by 5.5% last month, significantly falling behind the gains of around 5.1% delivered by the overall S&P during the period.

In its latest earnings call, Entergy reaffirmed its adjusted earnings target of $4.25 to $4.45 per share for full-year 2026. Moreover, the utility raised its long-term adjusted EPS guidance, increasing its 2027 forecast by $0.20 and 2029 outlook by $0.50 to $6.40 per share. The improved guidance comes on the back of an expected 8.5% compound annual retail sales growth through 2029, including an annual industrial growth of 16%.

Entergy Corporation (NYSE:ETR) was also recently included in our list of the 13 Best Electrical Infrastructure Stocks to Buy in 2026.