Entergy (NYSE:ETR) Price Target Raised to $129.00 at JPMorgan Chase & Co.

Entergy (NYSE:ETR) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $126.00 to $129.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 14.83% from the stock’s previous close.

Several other equities analysts have also weighed in on ETR. Mizuho raised their price objective on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Wells Fargo & Company raised their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, UBS Group restated a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.21.

Entergy Stock Performance

Shares of ETR stock traded down $0.59 during trading hours on Wednesday, reaching $112.34. The stock had a trading volume of 710,809 shares, compared to its average volume of 3,006,039. 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 twelve month low of $79.40 and a twelve month high of $118.44. The firm has a 50-day simple moving average of $110.32 and a 200-day simple moving average of $101.11. The firm has a market capitalization of $51.44 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.54.

Entergy (NYSE:ETR) last released its earnings results 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 firm 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. As a group, equities analysts forecast that Entergy will post 4.4 earnings per share for the current year.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Entergy

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Norges Bank bought a new position in Entergy during the fourth quarter worth $528,313,000. Morgan Stanley increased its position in Entergy by 22.9% during the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after acquiring an additional 1,986,369 shares during the period. Raymond James Financial Inc. increased its position in Entergy by 89.6% during the fourth 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 during the period. Finally, Zimmer Partners LP bought a new position in Entergy during the fourth quarter worth $153,616,000. 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.