Entergy (NYSE:ETR) Stock Price Target Cut by KeyCorp

Entergy (NYSE:ETR) had its price objective decreased by investment analysts at KeyCorp from $123.00 to $118.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 12.96% from the stock’s previous close. KeyCorp also issued estimates for Entergy’s FY2028 earnings at $5.77 EPS, FY2029 earnings at $6.49 EPS and FY2030 earnings at $7.32 EPS.

ETR has been the subject of several other reports. Truist Financial set a $119.00 price target on shares of Entergy and gave the stock a “buy” rating in a report on Monday. Evercore reissued an “outperform” rating and set a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Morgan Stanley cut their price objective on Entergy from $105.00 to $98.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Finally, BMO Capital Markets boosted their price objective on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Entergy Trading Down 0.5%

Shares of Entergy stock opened at $104.47 on Tuesday. The firm has a market capitalization of $48.75 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.35 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average is $104.44 and its 200 day moving average is $109.75. Entergy has a 1 year low of $90.87 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy will post 4.40 earnings per share for the current fiscal year.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost 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. The trade was a 41.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

Institutional Trading of Entergy

Several institutional investors have recently modified their holdings of ETR. Pinnacle Wealth Management Advisory Group LLC boosted its position in Entergy by 3.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares during the last quarter. Founders Financial Securities LLC raised its holdings in Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after purchasing an additional 101 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Entergy by 2.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 102 shares in the last quarter. Finally, Cohen Investment Advisors LLC raised its holdings in Entergy by 1.9% in the first quarter. Cohen Investment Advisors LLC now owns 5,664 shares of the utilities provider’s stock worth $636,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Key Headlines Impacting Entergy

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: KeyCorp raised its long-term EPS forecasts for Entergy to $5.77 for FY2028, $6.49 for FY2029 and $7.32 for FY2030. The increases were modest but suggest improving confidence in the utility’s earnings growth. KeyCorp retained its Overweight rating and $118 price target.
• Positive Sentiment: JPMorgan maintained an Overweight rating while setting a $130 price target, implying substantial upside from recent trading levels. JPMorgan Entergy price target report
• Neutral Sentiment: Entergy marked the 25th anniversary of its Environmental Initiatives Fund, highlighting past environmental projects and sustainability efforts. The announcement may support the company’s reputation but is unlikely to materially change near-term earnings. Entergy Environmental Initiatives Fund announcement
• Neutral Sentiment: A Zacks article identified Entergy among utilities that could potentially beat quarterly earnings estimates, but it provided no new company-specific earnings guidance or results. Zacks utilities earnings outlook
• Negative Sentiment: KeyCorp reduced its Entergy price target to $118 from $123, while JPMorgan lowered its target to $130 from $137. KeyBanc also cut its target to $118 from $123. Although the firms remain bullish, the reductions signal more cautious valuation assumptions and may weigh on the stock.

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.