Entergy (NYSE:ETR) Price Target Raised to $139.00

Entergy (NYSE:ETR) had its price objective increased by JPMorgan Chase & Co. from $129.00 to $139.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the utilities provider’s stock.

Several other brokerages have also issued reports on ETR. BTIG Research reissued a “buy” rating and set a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Citigroup reiterated a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company upped their price target on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $120.21.

Entergy Stock Performance

Shares of Entergy stock opened at $113.43 on Thursday. The company has a market cap of $51.94 billion, a P/E ratio of 28.94, a PEG ratio of 1.93 and a beta of 0.50. The business has a 50-day moving average price of $112.20 and a two-hundred day moving average price of $106.95. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy has a 1-year low of $84.76 and a 1-year high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly 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. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the previous 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, analysts anticipate that Entergy will post 4.4 EPS for the current year.

Insider Activity

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

Institutional Trading of Entergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of Entergy by 66.0% during the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after purchasing an additional 318,221 shares during the period. Tounjian Advisory Partners LLC bought a new position in Entergy during the fourth quarter valued at about $1,473,000. World Investment Advisors increased its holdings in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after buying an additional 38,195 shares during the last quarter. Caliber Wealth Management LLC KS purchased a new position in Entergy in the fourth quarter valued at about $2,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Entergy by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after acquiring an additional 38,742 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

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.