Entergy (NYSE:ETR) Price Target Raised to $101.00

Key Points

• Morgan Stanley raised Entergy’s price target from $98 to $101 while maintaining an “equal weight” rating, implying approximately 5% downside from the stock’s $106.33 price.
• Analyst sentiment remains broadly positive, with 17 Buy ratings and two Holds; the consensus rating is “Moderate Buy” with an average price target of $120.78.
• Entergy exceeded quarterly expectations, reporting $1.03 in EPS versus the $1.01 consensus and $3.52 billion in revenue versus $3.49 billion expected. Institutional investors own 88.07% of the company, while recent insider activity included both a director purchase and an insider sale.

Entergy (NYSE:ETR - Get Free Report) had its target price increased by research analysts at Morgan Stanley from $98.00 to $101.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's price objective indicates a potential downside of 5.01% from the company's current price.

Several other analysts also recently weighed in on ETR. Weiss Ratings downgraded Entergy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. reduced their price objective on Entergy from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Truist Financial set a $119.00 target price on Entergy and gave the stock a "buy" rating in a report on Monday, October 12th. Barclays reaffirmed an "overweight" rating and set a $115.00 target price (down from $128.00) on shares of Entergy in a report on Monday. Finally, Evercore reiterated an "outperform" rating and issued a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. Seventeen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $120.78.

Entergy Stock Performance

ETR stock traded up $1.17 during trading on Wednesday, reaching $106.33. The company had a trading volume of 500,603 shares, compared to its average volume of 2,974,480. The firm has a 50-day simple moving average of $104.28 and a 200-day simple moving average of $109.55. The company has a market cap of $49.62 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy has a twelve month low of $90.87 and a twelve month high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the prior year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy will post 4.40 earnings per share for the current year.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm's stock in a transaction on 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 owned 3,423 shares of the company's stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura R. Landreaux sold 5,600 shares of the firm's stock in a transaction that occurred on 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. The trade was a 19.87% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Entergy

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Entergy in the 2nd quarter valued at approximately $4,861,376,000. Bank of America Corp DE acquired a new position in Entergy during the second quarter worth $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Entergy during the second quarter worth $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Entergy by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider's stock worth $452,681,000 after buying an additional 161,411 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Entergy during the second quarter worth $430,404,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Company Profile

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.

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