Entergy corp officer sells $294,644 in stock

Jason Chapman, an officer at Entergy Corp (NYSE:ETR), a $36.6 billion utility company whose stock has surged over 72% in the past year, sold 3,466 shares of common stock on February 24, 2025. According to InvestingPro analysis, the stock is currently trading near its 52-week high at a P/E ratio of 20.6. The shares were sold at a price of $85.01 each, totaling approximately $294,644. This transaction followed an earlier acquisition of the same number of shares through the exercise of stock options at $54.24 per share, amounting to a total value of $187,995. Following these transactions, Chapman holds 25,893 shares directly. InvestingPro’s comprehensive insider trading analysis and Fair Value metrics suggest the stock is slightly overvalued at current levels. For deeper insights into insider transactions and valuation metrics, explore the detailed Pro Research Report available for ETR, one of 1,400+ stocks covered in-depth on InvestingPro.

In other recent news, Entergy Corporation reported its fourth-quarter 2024 earnings with an adjusted earnings per share (EPS) of $0.66, surpassing the analyst forecast of $0.63. However, the company’s revenue came in at $3.01 billion, falling short of the projected $3.24 billion. Despite the revenue miss, Entergy’s stock saw a positive reaction, reflecting investor confidence in the company’s future guidance and strategic initiatives. Entergy has also expanded its capital investment plan by an additional $2.7 billion, bringing the total to approximately $37 billion through 2028.

The company has updated its EPS guidance for 2026 to 2028, anticipating a growth rate exceeding 8% compound annual growth rate (CAGR). Analyst firms have responded to these developments with Scotiabank (TSX:BNS) raising Entergy’s stock price target to $89, maintaining a Sector Perform rating, while Mizuho (NYSE:MFG) and Guggenheim both increased their price targets to $95, with Mizuho keeping an Outperform rating and Guggenheim maintaining a Buy rating. Entergy’s industrial sales growth is projected to be around 12-13% from 2024 to 2028, up from the previous forecast of 11-12%.

The company plans to support its increased capital expenditure primarily through cash flow from operations, although it will require an additional $300 million in equity. Entergy’s strategic positioning and financial performance have led to these revised price targets and sustained performance in the stock market.

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