Entergy (NYSE:ETR) Price Target Raised to $124.00

Entergy (NYSE:ETR) had its target price increased by research analysts at BMO Capital Markets from $123.00 to $124.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 7.68% from the company’s previous close.

Several other equities analysts also recently commented on ETR. Wells Fargo & Company boosted their target price on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Mizuho set a $122.00 target price on shares of Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Evercore set a $123.00 price target on shares of Entergy in a report on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and issued a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. Finally, Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $121.05.

Entergy Price Performance

Shares of NYSE ETR traded up $2.93 during mid-day trading on Wednesday, reaching $115.15. The company’s stock had a trading volume of 529,186 shares, compared to its average volume of 3,122,325. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy has a 52 week low of $86.40 and a 52 week high of $118.44. The stock has a fifty day moving average of $112.16 and a two-hundred day moving average of $107.31. The firm has a market capitalization of $52.73 billion, a PE ratio of 29.37, a P/E/G ratio of 1.91 and a beta of 0.50.

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

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

Several large investors have recently bought and sold shares of ETR. United Community Bank lifted its position in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Entergy during the 4th quarter valued at about $28,000. Fairway Wealth LLC purchased a new stake in shares of Entergy during the 1st quarter valued at about $30,000. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Entergy in the 1st quarter valued at about $30,000. Institutional investors own 88.07% of the company’s stock.

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.