Entergy (NYSE:ETR) Price Target Cut to $85.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley has reduced its price target for Entergy from $86.00 to $85.00, indicating a potential downside of 6.20% from the stock's previous close.
• Entergy's average rating is currently a "Moderate Buy," with eleven equities research analysts rating it as a Buy and five as a Hold, while the consensus price target stands at $89.80.
• Insider Haley Fisackerly sold 4,463 shares of Entergy, significantly reducing their position by 57.36%, following the sale of shares valued at around $403,901.50.

Entergy (NYSE:ETR - Get Free Report) had its price objective decreased by Morgan Stanley from $86.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price indicates a potential downside of 6.20% from the company's previous close.

Several other research firms have also recently weighed in on ETR. Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Mizuho set a $97.00 price target on Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on Entergy from $102.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, KeyCorp restated an "overweight" rating and issued a $96.00 price objective (up from $88.00) on shares of Entergy in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and a consensus price target of $89.80.

Entergy Trading Down 1.1%

Shares of NYSE ETR traded down $0.97 during trading hours on Thursday, hitting $90.62. The company's stock had a trading volume of 1,025,259 shares, compared to its average volume of 3,398,715. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a market cap of $40.45 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.47 and a beta of 0.61. Entergy has a 12 month low of $64.38 and a 12 month high of $92.40. The business has a 50-day simple moving average of $88.91 and a 200-day simple moving average of $84.80.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period in the previous year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, analysts anticipate that Entergy will post 3.88 earnings per share for the current fiscal year.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares of the company's stock, valued at $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ETR. Norges Bank bought a new position in shares of Entergy in the 2nd quarter valued at about $468,628,000. Boston Partners raised its position in Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider's stock worth $578,531,000 after purchasing an additional 3,710,814 shares during the period. TD Asset Management Inc raised its position in Entergy by 964.8% in the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock worth $261,232,000 after purchasing an additional 2,768,734 shares during the period. Vanguard Group Inc. raised its position in Entergy by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock worth $4,687,331,000 after purchasing an additional 2,695,348 shares during the period. Finally, Alkeon Capital Management LLC purchased a new stake in Entergy in the 1st quarter worth about $194,429,000. Institutional investors own 88.07% of the company's stock.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

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