Entergy Corporation (NYSE:ETR) Receives $119.68 Average Target Price from Brokerages

Entergy Corporation (NYSE:ETR) has earned an average recommendation of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $120.2105.

Several analysts recently issued reports on ETR shares. Morgan Stanley set a $94.00 price target on shares of Entergy in a research report on Thursday, May 21st. BMO Capital Markets set a $123.00 target price on shares of Entergy in a report on Wednesday, June 10th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Citigroup reissued a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Finally, Evercore set a $123.00 price target on Entergy in a report on Wednesday, June 10th.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC increased its stake in Entergy by 3.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after buying an additional 90 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after buying an additional 92 shares during the period. Aristotle Capital Management LLC grew its holdings in shares of Entergy by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 96 shares in the last quarter. Founders Financial Securities LLC grew its holdings in shares of Entergy by 2.5% during the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Entergy by 2.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 102 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of NYSE:ETR opened at $113.43 on Monday. Entergy has a 1 year low of $84.76 and a 1 year high of $118.44. The stock has a market capitalization of $51.94 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.96 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. The company’s 50 day simple moving average is $112.20 and its 200 day simple moving average is $106.95.

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

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.