Entergy (NYSE:ETR) Given New $98.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley lowered Entergy’s price target from $105 to $98 while maintaining an “equal weight” rating, implying 3.79% downside from the prior close.
• Analyst sentiment remains broadly positive: 17 analysts rate Entergy a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $120.47.
• Entergy exceeded quarterly expectations with earnings of $1.03 per share versus $1.01 forecast and revenue of $3.52 billion versus $3.49 billion expected; the company issued fiscal 2026 EPS guidance of $4.25–$4.45.

Entergy (NYSE:ETR - Get Free Report) had its price target dropped by Morgan Stanley from $105.00 to $98.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's price target would indicate a potential downside of 3.79% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Entergy in a report on Wednesday, June 10th. Mizuho set a $122.00 price objective on shares of Entergy and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. boosted their target price on Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $120.47.

Entergy Price Performance

NYSE ETR traded down $1.45 during trading hours on Friday, hitting $101.86. 942,953 shares of the company's stock traded hands, compared to its average volume of 2,976,355. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The firm's 50-day moving average is $108.62 and its 200-day moving average is $110.16. The company has a market capitalization of $47.53 billion, a PE ratio of 26.11, a PEG ratio of 2.29 and a beta of 0.49. Entergy has a 52-week low of $87.69 and a 52-week high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.49 billion. During the same period last year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider directly owned 22,589 shares in the company, valued at $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company's stock.

Institutional Trading of Entergy

A number of institutional investors and hedge funds have recently made changes to their positions in ETR. Callan Family Office LLC bought a new stake in shares of Entergy in the 2nd quarter valued at about $3,250,000. Illinois Municipal Retirement Fund boosted its stake in shares of Entergy by 18.3% during the first 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 during the period. Vestcor Inc boosted its stake in shares of Entergy by 36.6% during the fourth quarter. Vestcor Inc now owns 78,692 shares of the utilities provider's stock valued at $7,274,000 after purchasing an additional 21,100 shares during the period. Swiss National Bank grew its holdings in shares of Entergy by 7.1% in the first 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 last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Entergy by 4.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 567,862 shares of the utilities provider's stock worth $63,805,000 after purchasing an additional 23,539 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

About Entergy

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.

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