Entergy (NYSE:ETR) Given New $124.00 Price Target at BMO Capital Markets

Entergy (NYSE:ETR) had its price objective raised by BMO Capital Markets from $123.00 to $124.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

A number of other brokerages also recently issued reports on ETR. Barclays dropped their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. 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. UBS Group reiterated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Truist Financial set a $127.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Citigroup reissued a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Trading Up 2.4%

Shares of Entergy stock opened at $114.93 on Wednesday. The company’s 50-day moving average price is $112.21 and its 200-day moving average price is $107.47. 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 12-month low of $86.40 and a 12-month high of $118.44. The company has a market cap of $52.63 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.92 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion during 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 in the previous year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy will post 4.4 earnings per share for the current fiscal year.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Institutional Trading of Entergy

Institutional investors have recently made changes to their positions in the stock. World Investment Advisors grew its stake in Entergy by 170.6% during the 4th 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 stake in Entergy in the fourth quarter valued at about $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 buying an additional 38,742 shares during the last quarter. Phoenix Wealth Advisors acquired a new stake in Entergy in the fourth quarter worth about $1,502,000. Finally, Illinois Municipal Retirement Fund boosted its holdings in Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after acquiring an additional 27,868 shares in the last quarter. Hedge funds and other institutional investors 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.