Entergy (NYSE:ETR) Price Target Raised to $139.00 at JPMorgan Chase & Co.

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

Other equities analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. BMO Capital Markets set a $123.00 price target on shares of Entergy in a report on Wednesday, June 10th. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Morgan Stanley set a $94.00 price target on Entergy in a research note on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $120.21.

Entergy Stock Up 0.4%

Shares of NYSE ETR opened at $114.71 on Thursday. 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 cap of $52.52 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.95 and a beta of 0.50. Entergy has a 12 month low of $83.14 and a 12 month high of $118.44. The stock has a 50-day moving average price of $112.17 and a two-hundred day moving average price of $106.90.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 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 firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts forecast that Entergy will post 4.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Hedge funds have recently modified their holdings of the business. Cardinal Capital Management Inc. raised its position in Entergy by 8.2% during the 2nd quarter. Cardinal Capital Management Inc. now owns 323,483 shares of the utilities provider’s stock worth $37,155,000 after purchasing an additional 24,483 shares during the last quarter. Tema ETFs LLC increased its stake in shares of Entergy by 41.8% in the second quarter. Tema ETFs LLC now owns 261,561 shares of the utilities provider’s stock valued at $30,043,000 after buying an additional 77,126 shares during the period. Ausbil Investment Management Ltd raised its position in shares of Entergy by 84.1% during the second quarter. Ausbil Investment Management Ltd now owns 129,558 shares of the utilities provider’s stock worth $14,622,000 after acquiring an additional 59,170 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of Entergy by 19.6% in the second quarter. E. Ohman J or Asset Management AB now owns 17,087 shares of the utilities provider’s stock worth $1,963,000 after acquiring an additional 2,800 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Entergy by 1.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 13,132 shares of the utilities provider’s stock worth $1,508,000 after acquiring an additional 250 shares during the period. 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.