Entergy (NYSE:ETR) Stock Picked Up by Analysts at HSBC

Key Points

• HSBC initiated coverage of Entergy with a “buy” rating and a $123.50 price target, implying 16.47% upside from the stock’s reported $106.04 price.
• Analyst sentiment is broadly positive: 20 analysts rate Entergy a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $121.25.
• Entergy beat quarterly earnings expectations, reporting $1.03 in EPS versus the $1.01 consensus and $3.52 billion in revenue versus $3.49 billion expected; the company issued fiscal 2026 EPS guidance of $4.25–$4.45.

Research analysts at HSBC started coverage on shares of Entergy (NYSE:ETR - Get Free Report) in a report released on Thursday, Marketbeat.com reports. The brokerage set a "buy" rating and a $123.50 price target on the utilities provider's stock. HSBC's price objective indicates a potential upside of 16.47% from the company's current price.

Several other analysts also recently commented on the stock. Weiss Ratings downgraded shares of Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Scotiabank cut their price target on shares of Entergy from $129.00 to $121.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Jefferies Financial Group reduced their price objective on shares of Entergy from $133.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley lifted their target price on shares of Entergy from $98.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Wall Street Zen downgraded Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Twenty investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $121.25.

Entergy Trading Up 0.8%

ETR opened at $106.04 on Thursday. Entergy has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The firm has a market capitalization of $49.48 billion, a PE ratio of 26.76, a P/E/G ratio of 2.35 and a beta of 0.46. 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 company's 50-day moving average is $104.25 and its 200 day moving average is $109.48.

Entergy (NYSE:ETR - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same quarter in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Entergy will post 4.40 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Landreaux sold 5,600 shares of Entergy 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 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 SEC filing for this sale provides additional information. Insiders own 0.21% of the company's stock.

Institutional Trading of Entergy

Several hedge funds have recently made changes to their positions in ETR. Bank of New Hampshire grew its stake in shares of Entergy by 303.0% during the 3rd quarter. Bank of New Hampshire now owns 266 shares of the utilities provider's stock worth $26,000 after acquiring an additional 200 shares during the period. City State Bank grew its position in shares of Entergy by 439.6% in the third quarter. City State Bank now owns 259 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 211 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in shares of Entergy in the second quarter valued at $28,000. Fairway Wealth LLC bought a new position in Entergy in the 1st quarter worth about $30,000. Finally, Dynamic Wealth Strategies LLC bought a new position in Entergy in the 1st quarter worth about $30,000. 88.07% of the stock is currently owned by institutional investors.

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.

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