BTIG Research Has Lowered Expectations for Entergy (NYSE:ETR) Stock Price

Key Points

• BTIG Research lowered Entergy’s price target from $126 to $117 while maintaining a “buy” rating, implying roughly 10% upside from the prior close.
• Analyst sentiment remains broadly positive, with 19 buy ratings and two holds; Entergy has a “Moderate Buy” consensus rating and an average price target of $121.14.
• Entergy’s latest quarterly results modestly exceeded expectations, reporting $1.03 in adjusted EPS versus the $1.01 consensus and revenue of $3.52 billion versus $3.49 billion expected.

Entergy (NYSE:ETR - Get Free Report) had its price objective dropped by research analysts at BTIG Research from $126.00 to $117.00 in a report issued on Tuesday. The firm currently has a "buy" rating on the utilities provider's stock. BTIG Research's price target points to a potential upside of 10.10% from the company's previous close.

ETR has been the subject of several other reports. Barclays reissued an "overweight" rating and set a $115.00 price target (down from $128.00) on shares of Entergy in a report on Monday. Morgan Stanley lifted their price objective on Entergy from $98.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday. Wall Street Zen cut Entergy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. BMO Capital Markets increased their target price on Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings downgraded Entergy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.14.

Entergy Stock Performance

NYSE:ETR traded up $1.11 during midday trading on Tuesday, reaching $106.27. The stock had a trading volume of 760,338 shares, compared to its average volume of 2,975,471. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market cap of $49.59 billion, a P/E ratio of 27.21, a P/E/G ratio of 2.32 and a beta of 0.46. The firm has a fifty day simple moving average of $104.28 and a two-hundred day simple moving average of $109.55. Entergy has a 12-month low of $90.87 and a 12-month high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy will post 4.40 EPS for the current year.

Insider Transactions at Entergy

In related news, insider Laura Landreaux sold 5,600 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider owned 22,589 shares of the company's stock, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company's stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Entergy

Several institutional investors have recently modified their holdings of ETR. Callan Family Office LLC purchased a new position in shares of Entergy in the 2nd quarter worth about $3,250,000. Illinois Municipal Retirement Fund lifted its stake in shares of Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock valued at $20,265,000 after purchasing an additional 27,868 shares in the last quarter. Nykredit A S acquired a new position in shares of Entergy in the 2nd quarter valued at about $22,064,000. Swiss National Bank grew its holdings in shares of Entergy by 7.1% during the 1st quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider's stock worth $147,270,000 after purchasing an additional 87,300 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Entergy during the 2nd quarter worth about $1,991,669,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

About Entergy

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.