Entergy (NYSE:ETR) Price Target Cut to $130.00 by Analysts at Jefferies Financial Group

Entergy (NYSE:ETR) had its target price dropped by stock analysts at Jefferies Financial Group from $133.00 to $130.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 22.33% from the stock’s current price.

Several other research analysts also recently commented on the company. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Evercore restated an “outperform” rating and issued a $128.00 price target on shares of Entergy in a research note on Monday, August 17th. BTIG Research cut their price target on Entergy from $126.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.14.

Entergy Stock Performance

Entergy stock traded up $1.11 during midday trading on Tuesday, reaching $106.27. 760,338 shares of the company’s stock were exchanged, compared to its average volume of 2,975,471. Entergy has a 52 week low of $90.87 and a 52 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 firm has a market cap of $49.59 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 2.32 and a beta of 0.46. The stock’s 50-day simple moving average is $104.28 and its 200 day simple moving average is $109.55.

Entergy (NYSE:ETR) last announced its quarterly 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 previous year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts expect that Entergy will post 4.40 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Laura R. Landreaux sold 5,600 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was 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 $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Entergy

A number of large investors have recently made changes to their positions in the company. Callan Family Office LLC acquired a new position in Entergy in the 2nd quarter valued at $3,250,000. Illinois Municipal Retirement Fund grew its stake in shares of Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after acquiring an additional 27,868 shares in the last quarter. Nykredit A S acquired a new position in shares of Entergy in the second quarter valued at about $22,064,000. Swiss National Bank increased its position in 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 acquiring an additional 87,300 shares during the period. Finally, Bank of America Corp DE bought a new position in Entergy during the second quarter worth about $1,991,669,000. 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.