Entergy (NYSE:ETR – Get Free Report) had its price objective reduced by stock analysts at KeyCorp from $123.00 to $118.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 13.45% from the stock’s previous close.
ETR has been the subject of several other reports. Evercore restated an “outperform” rating and set a $128.00 target price on shares of Entergy in a report on Monday, August 17th. Truist Financial set a $119.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Monday. Morgan Stanley lowered their price target 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 cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.05.
View Our Latest Stock Report on Entergy
Entergy Trading Up 1.2%
Entergy (NYSE:ETR – Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. The company 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 period in the previous year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts anticipate that Entergy will post 4.40 earnings per share for the current year.
Insider Buying and Selling
In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Laura Landreaux sold 5,600 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the transaction, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. This represents a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Castleview Partners LLC raised its stake in Entergy by 12.4% during the third quarter. Castleview Partners LLC now owns 3,927 shares of the utilities provider’s stock valued at $390,000 after buying an additional 433 shares in the last quarter. GK Wealth Management LLC acquired a new stake in shares of Entergy during the 3rd quarter worth approximately $95,000. Wedmont Private Capital raised its position in shares of 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. bought a new stake in shares of Entergy in the 3rd quarter worth approximately $998,000. Finally, First Heartland Consultants Inc. lifted its holdings in shares of Entergy by 4.1% in 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. 88.07% of the stock is currently owned by institutional investors.
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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