Entergy (NYSE:ETR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Entergy (NYSE:ETR) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $129.00 to $139.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 21.81% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Mizuho set a $122.00 price target on shares of Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Truist Financial set a $127.00 price target on shares of Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, BMO Capital Markets set a $123.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.21.

Entergy Stock Performance

NYSE:ETR traded down $0.13 during trading hours on Thursday, reaching $114.11. The company had a trading volume of 524,804 shares, compared to its average volume of 3,120,669. 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 1-year low of $83.14 and a 1-year high of $118.44. The business’s 50 day moving average price is $112.11 and its 200-day moving average price is $106.75. The firm has a market cap of $52.25 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 1.97 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, 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. Research analysts forecast that Entergy will post 4.4 EPS for the current year.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value 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 approximately $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of large investors have recently modified their holdings of ETR. United Community Bank boosted its holdings in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its position in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares in the last quarter. Union Savings Bank acquired a new position in Entergy during the fourth quarter worth $28,000. Fairway Wealth LLC purchased a new stake in Entergy in the 1st quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Entergy in the 1st quarter valued at $30,000. 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.