BMO Capital Maintains a Buy Rating on Entergy (ETR)

BMO Capital analyst James Thalacker maintained a Buy rating on Entergy (ETRResearch Report) today and set a price target of $132.00. The company’s shares closed last Thursday at $118.93.

According to, Thalacker is a 5-star analyst with an average return of 10.9% and a 87.0% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Centerpoint Energy.

Currently, the analyst consensus on Entergy is a Strong Buy with an average price target of $126.67, a 7.8% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $130.00 price target.

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The company has a one-year high of $126.82 and a one-year low of $98.50. Currently, Entergy has an average volume of 1.12M.

Based on the recent corporate insider activity of 136 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ETR in relation to earlier this year. Most recently, in June 2022, HINNENKAMP PAUL D, the EVP & COO of ETR sold 6,500 shares for a total of $786,110.

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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.

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