JPMorgan Chase & Co. Has Lowered Expectations for Entergy (NYSE:ETR) Stock Price

Entergy (NYSE:ETR) had its price objective dropped by JPMorgan Chase & Co. from $137.00 to $130.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 23.53% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Morgan Stanley decreased their price target on Entergy from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Truist Financial set a $119.00 price target on Entergy and gave the company a “buy” rating in a report on Monday. Evercore reiterated an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. KeyCorp reduced their price objective on Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets increased their target price on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Entergy Price Performance

NYSE:ETR traded up $1.25 on Tuesday, reaching $105.24. The stock had a trading volume of 997,739 shares, compared to its average volume of 2,984,023. The company has a market capitalization of $49.11 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. Entergy has a 1-year low of $90.87 and a 1-year high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a fifty day moving average price of $104.57 and a 200-day moving average price of $109.73.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy will post 4.40 EPS for the current year.

Insider Buying and Selling

In related news, insider Laura R. Landreaux sold 5,600 shares of the firm’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 $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Callan Family Office LLC bought a new position in shares of Entergy during the second quarter worth approximately $3,250,000. Illinois Municipal Retirement Fund increased its holdings in shares of Entergy by 18.3% during the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after purchasing an additional 27,868 shares during the period. Swiss National Bank increased its holdings in shares of Entergy by 7.1% during the first quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider’s stock worth $147,270,000 after purchasing an additional 87,300 shares during the period. Tema ETFs LLC raised its position in shares of Entergy by 41.8% in the second quarter. Tema ETFs LLC now owns 261,561 shares of the utilities provider’s stock valued at $30,043,000 after buying an additional 77,126 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Entergy in the second quarter valued at approximately $1,991,669,000. 88.07% of the stock is owned by institutional investors.

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.