In a report issued on March 2, Shelby Tucker from RBC Capital maintained a Buy rating on Entergy (ETR – Research Report), with a price target of $128.00. The company’s shares closed last Thursday at $109.36.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 9.8% and a 73.5% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Chesapeake Utilities.
Currently, the analyst consensus on Entergy is a Moderate Buy with an average price target of $119.63, which is an 11.9% upside from current levels. In a report issued on February 24, BMO Capital also maintained a Buy rating on the stock with a $116.00 price target.
The company has a one-year high of $115.02 and a one-year low of $85.78. Currently, Entergy has an average volume of 1.19M.
Based on the recent corporate insider activity of 117 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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