Entergy, the Utilities sector company, was revisited by a Wall Street analyst yesterday. Analyst James Thalacker from BMO Capital reiterated a Buy rating on the stock and has a $105.00 price target.
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James Thalacker has given his Buy rating due to a combination of factors that highlight Entergy’s strong financial performance and growth prospects. The company reported earnings per share (EPS) that exceeded both consensus and BMO estimates, indicating robust year-to-date results. Management has narrowed their 2025 guidance to the upper range, reflecting confidence in continued financial strength. Additionally, Entergy’s long-term EPS growth target of over 8% has been extended through 2029, providing a solid outlook for future earnings.
Furthermore, Entergy’s capital plan has been updated with a modest increase, and the company has expanded its data center pipeline, securing additional power island equipment. This strategic move enhances visibility beyond the current forecast period and suggests potential for further growth. Despite trading at a premium, the company’s strong balance sheet and proactive capital deployment efforts support the Outperform rating, as incremental EPS revisions and multiple expansions are anticipated with future large load announcements.
Based on the recent corporate insider activity of 150 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.