Entergy (NYSE:ETR) Given New $98.00 Price Target at Morgan Stanley

Entergy (NYSE:ETR) had its price target dropped by equities research analysts at Morgan Stanley from $105.00 to $98.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential downside of 3.79% from the stock’s current price.

A number of other research analysts have also recently issued reports on ETR. Weiss Ratings cut Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Truist Financial set a $122.00 price target on Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Finally, BMO Capital Markets raised their price target on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.47.

Entergy Trading Down 1.4%

NYSE:ETR traded down $1.45 during trading hours on Friday, hitting $101.86. The company had a trading volume of 942,953 shares, compared to its average volume of 2,976,355. The company has a market capitalization of $47.53 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.29 and a beta of 0.49. The stock has a 50-day moving average price of $108.62 and a 200 day moving average price of $110.16. Entergy has a 52 week low of $87.69 and a 52 week high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the prior year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts predict that Entergy will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $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 this link. Also, insider Laura R. Landreaux sold 5,600 shares of Entergy stock in a transaction 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 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 disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Institutional Trading of Entergy

A number of large investors have recently added to or reduced their stakes in ETR. BlackRock Inc. bought a new stake in Entergy during the second quarter worth approximately $4,861,376,000. JPMorgan Chase & Co. lifted its position in shares of Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Bank of America Corp DE purchased a new stake in Entergy in the 2nd quarter valued at about $1,991,669,000. Geode Capital Management LLC boosted its holdings in shares of Entergy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after purchasing an additional 126,625 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entergy in the 2nd quarter worth $633,338,000. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.