Entergy (NYSE:ETR) Stock Price Target Cut by Jefferies Financial Group

Entergy (NYSE:ETR) had its target price decreased by stock analysts at Jefferies Financial Group from $133.00 to $130.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 22.33% from the stock’s current price.

A number of other analysts also recently weighed in on ETR. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Morgan Stanley raised their price target on Entergy from $98.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Truist Financial set a $119.00 price target on Entergy and gave the company a “buy” rating in a research note on Monday, October 12th. Evercore reiterated an “outperform” rating and set a $128.00 price objective on shares of Entergy in a research note on Monday, August 17th. Finally, BMO Capital Markets raised their target price on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.14.

Entergy Price Performance

Shares of ETR stock traded up $1.11 during trading on Tuesday, hitting $106.27. The company had a trading volume of 760,338 shares, compared to its average volume of 2,975,471. The firm has a market capitalization of $49.59 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. Entergy has a one year low of $90.87 and a one year 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 price is $104.28 and its 200 day moving average price 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, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Entergy will post 4.40 EPS for the current fiscal year.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Landreaux sold 5,600 shares of Entergy 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 sale, the insider directly owned 22,589 shares in the company, valued at $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. BlackRock Inc. bought a new stake in shares of Entergy during the second quarter worth about $4,861,376,000. Bank of America Corp DE increased its stake in shares of Entergy by 5.3% in the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after buying an additional 870,847 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Entergy in the second quarter valued at approximately $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Entergy by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock valued at $452,681,000 after buying an additional 161,411 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Entergy in the 2nd quarter valued at approximately $430,404,000. Institutional investors own 88.07% of the company’s stock.

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.