Shares of Entergy Corporation (NYSE:ETR – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $120.2105.
ETR has been the subject of a number of recent analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. BMO Capital Markets set a $123.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Citigroup restated 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. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Truist Financial set a $127.00 price target on Entergy and gave the stock a “buy” rating in a report on Friday, May 29th.
Read Our Latest Stock Report on Entergy
Entergy Trading Up 0.2%
Entergy (NYSE:ETR – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. 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, analysts forecast that Entergy will post 4.4 EPS for the current year.
Insider Activity at Entergy
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 completion of the transaction, 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 filing with the SEC, which is available through this link. 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
A number of institutional investors have recently added to or reduced their stakes in ETR. Vanguard Group Inc. lifted its holdings in Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after purchasing an additional 589,317 shares in the last quarter. State Street Corp grew its position in shares of Entergy by 4.4% in the fourth quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Entergy by 5.3% during the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock worth $1,951,668,000 after purchasing an additional 870,847 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Entergy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock worth $1,068,725,000 after purchasing an additional 126,625 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.
Entergy Company Profile
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.
Read More
- Five stocks we like better than Entergy
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.
