BMO Capital Markets Forecasts Strong Price Appreciation for Entergy (NYSE:ETR) Stock

Entergy (NYSE:ETR) had its price objective upped by investment analysts at BMO Capital Markets from $123.00 to $124.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 6.97% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Argus boosted their target price on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Barclays reduced their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings lowered shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. Finally, Evercore set a $123.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

Entergy Trading Up 0.9%

NYSE ETR opened at $115.92 on Wednesday. The stock has a market capitalization of $53.08 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.96 and a beta of 0.50. The business has a 50 day simple moving average of $112.28 and a 200 day simple moving average of $107.63. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy has a one year low of $86.40 and a one 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. Research analysts expect that Entergy will post 4.4 earnings per share for the current year.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction 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 transaction, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

Institutional investors and hedge funds have recently made changes to their positions in the business. United Community Bank boosted its stake in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank purchased a new stake in Entergy in the 4th quarter valued at about $28,000. Fairway Wealth LLC purchased a new stake in shares of Entergy during the first quarter valued at approximately $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Entergy during the 1st quarter valued at $30,000. 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.