Entergy Corporation (NYSE:ETR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Entergy Corporation (NYSE:ETR) has earned an average rating of “Moderate Buy” from the twenty analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $119.6842.

A number of equities research analysts have issued reports on the company. Truist Financial set a $127.00 price target on Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Argus upped their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. raised their target price on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, UBS Group reiterated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th.

Entergy Stock Up 0.1%

Shares of ETR opened at $115.22 on Monday. The stock has a market capitalization of $52.76 billion, a PE ratio of 29.39, a P/E/G ratio of 1.96 and a beta of 0.50. Entergy has a 1 year low of $80.86 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The company’s 50-day simple moving average is $112.19 and its 200-day simple moving average is $106.28.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm 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 business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy will post 4.4 earnings per share for the current fiscal year.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

Hedge Funds Weigh In On Entergy

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new position in shares of Entergy in the 4th quarter valued at about $528,313,000. Morgan Stanley increased its holdings in shares of Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after acquiring an additional 1,986,369 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Entergy by 89.6% during the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock worth $357,415,000 after acquiring an additional 1,826,782 shares in the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of Entergy during the 4th quarter worth about $153,616,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.