Wall Street Zen Upgrades Entergy (NYSE:ETR) to “Hold”

Entergy (NYSE:ETR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Royal Bank Of Canada restated an “outperform” rating and set a $112.00 price objective on shares of Entergy in a research report on Friday. Argus set a $100.00 target price on Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. decreased their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, Scotiabank set a $105.00 price target on Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $103.87.

Entergy Price Performance

Shares of NYSE:ETR traded down $0.33 during trading on Friday, reaching $93.21. 2,512,810 shares of the company traded hands, compared to its average volume of 1,968,729. The firm has a market capitalization of $41.63 billion, a PE ratio of 23.01, a PEG ratio of 2.09 and a beta of 0.66. Entergy has a 52 week low of $75.55 and a 52 week high of $98.58. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The company’s 50 day moving average is $93.78 and its two-hundred day moving average is $92.00.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the firm earned $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, sell-side analysts predict that Entergy will post 3.88 earnings per share for the current year.

Insider Activity

In related news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider owned 10,122 shares in the company, valued at $975,659.58. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 10,179 shares of company stock worth $981,707. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the period. Woodline Partners LP grew its stake in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Entergy by 23.8% in the second quarter. Farther Finance Advisors LLC now owns 6,771 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 1,300 shares during the period. Norden Group LLC increased its holdings in Entergy by 14.1% in the second quarter. Norden Group LLC now owns 5,458 shares of the utilities provider’s stock valued at $454,000 after purchasing an additional 676 shares during the period. Finally, Mather Group LLC. raised its position in Entergy by 4.7% during the 2nd quarter. Mather Group LLC. now owns 11,950 shares of the utilities provider’s stock worth $993,000 after purchasing an additional 535 shares during the last quarter. 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.