Entergy (NYSE:ETR) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Entergy’s price target from $137 to $130 while maintaining an “overweight” rating, implying 23.53% upside from the prior close.
• Analyst sentiment remains favorable overall, with 17 Buy ratings and three Holds; the consensus rating is “Moderate Buy” with an average target price of $119.58.
• Entergy shares traded at $105.24, while the company’s latest quarterly results slightly exceeded expectations with $1.03 in EPS and $3.52 billion in revenue.

Entergy (NYSE:ETR - Get Free Report) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $137.00 to $130.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 23.53% from the company's previous close.

Other equities analysts have also issued reports about the company. Morgan Stanley dropped their price objective on Entergy from $105.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Friday, September 18th. Evercore reissued an "outperform" rating and set a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Truist Financial set a $119.00 target price on Entergy and gave the company a "buy" rating in a research note on Monday. KeyCorp lowered their target price on Entergy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wall Street Zen downgraded Entergy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.58.

Entergy Stock Performance

ETR traded up $1.25 on Tuesday, hitting $105.24. The company had a trading volume of 997,739 shares, compared to its average volume of 2,984,023. The company's fifty day moving average price is $104.57 and its 200 day moving average price is $109.73. Entergy has a 1-year low of $90.87 and a 1-year high of $118.44. 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 stock has a market cap of $49.11 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46.

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

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Laura R. Landreaux sold 5,600 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares in the company, valued at $2,398,951.80. This trade represents a 19.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by company insiders.

Institutional Trading of Entergy

Several institutional investors have recently made changes to their positions in ETR. BlackRock Inc. acquired a new stake in Entergy in the 2nd quarter valued at $4,861,376,000. Bank of America Corp DE bought a new stake in Entergy in the second quarter valued at $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 raised its stake in 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 acquiring an additional 161,411 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in 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 provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.

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