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

Shares of Entergy Corporation (NYSE:ETR) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $119.6842.

Several analysts have commented on the stock. Citigroup reissued a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Truist Financial set a $127.00 target price on Entergy and gave the company a “buy” rating in a report on Friday, May 29th.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the 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 transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Entergy

Large investors have recently modified their holdings of the company. United Community Bank lifted its position in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. boosted its stake in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Union Savings Bank acquired a new stake in Entergy in the 4th quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new stake in Entergy in the 1st quarter valued at approximately $30,000. Finally, Dynamic Wealth Strategies LLC bought a new position in Entergy in the 1st quarter worth approximately $30,000. 88.07% of the stock is owned by institutional investors.

Entergy Trading Down 0.9%

NYSE ETR opened at $114.33 on Monday. Entergy has a 1-year low of $82.38 and a 1-year high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $52.35 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50. The firm’s fifty day simple moving average is $112.11 and its 200-day simple moving average is $106.75.

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, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $0.82 earnings per share. 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 earnings per share 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.