JP Morgan Cuts Entergy (ETR) Price Target to $130

JP Morgan has reiterated its Overweight rating on Entergy Corporation (NYSE: ETR) on October 13, 2026, and adjusted its price target down to $130 from $137. This change reflects a shift in the firm's outlook on the stock while maintaining a positive stance.

Other Institutional Activity in Entergy Corporation

Blackrock Inc. increased its holdings by 1,363,981 shares, bringing its total to 42,324,362 shares valued at about $4.45 billion. Vanguard Capital Management LLC added 1,115,153 shares, totaling 30,538,725 shares worth approximately $3.21 billion. Vanguard Portfolio Management LLC also grew its position by 1,315,430 shares, ending with 26,857,755 shares valued at about $2.82 billion. State Street Corporation increased its stake by 633,814 shares, resulting in 25,587,118 shares worth around $2.69 billion. Meanwhile, JPMorgan Chase & Co. reduced its position by 2,515,665 shares, ending with 24,917,975 shares valued at roughly $2.62 billion.

Entergy Corporation Stock Up 2.8%

Entergy Corporation's stock recently traded around $104.87 as of October 16, 2026. This price is about 19.3% below JP Morgan's new price target of $130, indicating potential upside if the stock moves toward the target. The stock price reflects a stable position within the utilities sector, particularly as Entergy operates in regulated electric markets across several states.

Recent Earnings

Entergy Corporation reported a trailing twelve-month revenue of approximately $13.48 billion, with an earnings per share (EPS) of $3.91. The company has shown a revenue growth of 5.9% year-over-year and a net margin of 13.3%. The next earnings report is scheduled for October 29, 2026.

Dividend

Entergy Corporation pays an annual dividend of $2.56 per share, with a payout ratio of 64.4%. This dividend yield adds to the company's attractiveness for income-focused investors.

Insider Buying and Selling at Entergy Corporation

Insider transactions include Ralph Lewis Ropp, a Director, who bought 1,000 shares at an average price of $106.08 on August 6, 2026, totaling $106,075. Other insiders, including Jason Chapman, sold 9,447 shares at $109.06 on July 30, 2026, valued at about $1.03 million, and Laura R Landreaux sold 5,600 shares at $106.20 on September 10, 2026, worth approximately $594,720. Eliecer Viamontes also sold 9,068 shares at an average price of $103.93 on September 14, 2026, totaling around $942,437.

Analysts Set New Price Targets

On October 13, 2026, JP Morgan maintained its Overweight rating on Entergy Corporation, lowering the price target to $130 from $137. Additionally, Keybanc also maintained an Overweight rating with a target of $118 on the same day. Prior to this, Truist Securities maintained a Buy rating with a target of $119 on October 12, 2026, showing a consistent positive outlook from analysts.

About Entergy Corporation

Entergy Corporation, based in New Orleans, Louisiana, is a major player in the production and distribution of electricity in the United States. It operates in several states, including Arkansas, Louisiana, Mississippi, and Texas, providing essential utility services to millions of customers. This recent rating adjustment from JP Morgan highlights the firm's ongoing interest in Entergy's performance amid a competitive utility landscape.

Bottom Line

Investors will be watching Entergy's upcoming earnings report on October 29, 2026, for further insights into the company's performance. The recent adjustments in analyst ratings and price targets indicate a cautious yet optimistic sentiment in the market.