Entergy (NYSE:ETR) Stock Price Target Lowered at KeyCorp

Key Points

• KeyCorp lowered Entergy’s price target from $123 to $118 while maintaining an “overweight” rating, implying roughly 13.45% upside from the stock’s $104.01 price.
• 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 target price of $120.05.
• Entergy modestly exceeded quarterly expectations, reporting $1.03 in EPS versus the $1.01 estimate and $3.52 billion in revenue versus the $3.49 billion consensus.

Entergy (NYSE:ETR - Get Free Report) had its price target decreased by research analysts at KeyCorp from $123.00 to $118.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the utilities provider's stock. KeyCorp's price target would suggest a potential upside of 13.45% from the company's current price.

ETR has been the topic of several other research reports. JPMorgan Chase & Co. raised their target price on shares of Entergy from $129.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Evercore reiterated an "outperform" rating and set a $128.00 price target on shares of Entergy in a report on Monday, August 17th. Morgan Stanley dropped their price objective on shares of Entergy from $105.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Friday, September 18th. Weiss Ratings lowered shares of Entergy from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Finally, BMO Capital Markets lifted their price objective 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. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.05.

Entergy Price Performance

Shares of ETR stock opened at $104.01 on Tuesday. 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 has a market capitalization of $48.53 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. The firm's 50-day moving average is $104.57 and its two-hundred day moving average is $109.73. Entergy has a 12 month low of $90.87 and a 12 month high of $118.44.

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. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts predict that Entergy will post 4.40 earnings per share for the current year.

Insider Activity at Entergy

In other news, insider Laura Landreaux sold 5,600 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the sale, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares of the company's stock, valued at $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Castleview Partners LLC increased its holdings in shares of Entergy by 12.4% in the 3rd quarter. Castleview Partners LLC now owns 3,927 shares of the utilities provider's stock valued at $390,000 after acquiring an additional 433 shares during the period. GK Wealth Management LLC acquired a new stake in Entergy during the 3rd quarter worth $95,000. Wedmont Private Capital boosted its stake in Entergy by 6.6% during the 3rd quarter. Wedmont Private Capital now owns 7,383 shares of the utilities provider's stock worth $757,000 after purchasing an additional 456 shares during the period. Diversified Management Inc. acquired a new stake in Entergy during the 3rd quarter worth $998,000. Finally, First Heartland Consultants Inc. grew its position in Entergy by 4.1% during the 3rd quarter. First Heartland Consultants Inc. now owns 3,098 shares of the utilities provider's stock worth $308,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

About Entergy

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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