Entergy (NYSE:ETR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Entergy (NYSE:ETR) had its price target raised by equities research analysts at Morgan Stanley from $98.00 to $101.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential downside of 5.01% from the company’s current price.

Several other brokerages have also recently commented on ETR. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. cut their price objective on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. BMO Capital Markets increased their price objective on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Barclays reiterated an “overweight” rating and issued a $115.00 price objective (down from $128.00) on shares of Entergy in a research note on Monday. Finally, KeyCorp decreased their target price on Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Seventeen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.78.

Entergy Stock Up 1.1%

Shares of ETR traded up $1.17 during mid-day trading on Wednesday, hitting $106.33. 500,603 shares of the company’s stock were exchanged, compared to its average volume of 2,974,480. The company has a market cap of $49.62 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.32 and a beta of 0.46. Entergy has a fifty-two week low of $90.87 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The stock’s 50-day moving average is $104.28 and its 200-day moving average is $109.55.

Entergy (NYSE:ETR) last posted 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. The business had revenue of $3.52 billion during 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 quarter last year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy will post 4.40 earnings per share for the current fiscal year.

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laura R. Landreaux sold 5,600 shares of the 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 sale, the insider directly owned 22,589 shares in the company, valued at approximately $2,398,951.80. This 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 Investors Weigh In On Entergy

A number of hedge funds and other institutional investors have recently modified their holdings of ETR. Pinnacle Wealth Management Advisory Group LLC increased its holdings in Entergy by 3.6% in 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 buying an additional 90 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after buying an additional 92 shares during the last quarter. Cohen Investment Advisors LLC lifted its holdings in Entergy by 1.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 5,664 shares of the utilities provider’s stock worth $636,000 after buying an additional 103 shares during the last quarter. Apella Capital LLC boosted its position in shares of Entergy by 5.3% during the 2nd quarter. Apella Capital LLC now owns 2,060 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 104 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its position in shares of Entergy by 1.5% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 7,087 shares of the utilities provider’s stock worth $796,000 after acquiring an additional 105 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.