Keybanc Cuts Entergy (ETR) Price Target to $118

Keybanc has reiterated its Overweight rating on Entergy Corporation with a new price target of $118.00, a 12.52% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:08 PM EDT

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Keybanc cut its price target on Entergy Corporation ($ETR) to $118 from $123 on October 13, 2026, and rates the stock "Overweight".

Since the rating, $ETR is up 0.1% to date (from the $104.99 close on Oct 13, 2026).

ETR Entergy Corporation

$105.11 +14.01% year to date

Daily close · Oct 16, 2026

Key Points

Keybanc has reiterated its Overweight rating on Entergy Corporation, setting the price target at $118.00, down from $123.00.
Keybanc's $118 price target implies 12.52% upside from Entergy Corporation's ($ETR) current $104.87 share price.
As of October 16, Entergy shares traded recently around $104.87, which is 11.1% below the new target.
The company is set to report earnings on October 29, 2026, following a year-over-year revenue growth of 5.9%.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Entergy Corporation alert may contain errors. Disclosures

Keybanc has reiterated its Overweight rating on Entergy Corporation (NYSE: ETR) on October 13, 2026, with a new price target of $118.00, down from $123.00. The stock recently traded around $104.87, which is 11.1% below this target.

Keybanc's Call on Entergy

Keybanc's action reflects its ongoing confidence in Entergy's business model, even as it adjusts the price target. The firm believes the stock still holds potential for growth, maintaining a favorable outlook in the utilities sector.

Other Institutional Activity in Entergy

Several other institutional investors have also adjusted their positions in Entergy. Blackrock Inc. grew its stake 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, ending with 30,538,725 shares worth roughly $3.21 billion. Meanwhile, Vanguard Portfolio Management LLC increased its holdings by 1,315,430 shares, totaling 26,857,755 shares valued at about $2.83 billion. State Street Corporation also added 633,814 shares, bringing its total to 25,587,118 shares worth about $2.69 billion.

Entergy Corporation Stock Up 2.8%

Entergy's shares are trading below the new price target set by Keybanc. The recent price of $104.87 is significantly lower than the target of $118.00, indicating a potential upside for investors if the stock can recover. The stock's performance is noteworthy, especially considering the utilities sector's stability amidst market fluctuations.

12-month forecast

$ETR price target

Entergy Corporation daily closes and this analyst's $118 target. Not advice.

Recent Earnings

Entergy reported trailing twelve-month revenue of approximately $13.48 billion, with an earnings per share (EPS) of $3.91. The company has a net margin of 13.3% and a return on equity of 10.2%. The next earnings report is scheduled for October 29, 2026, which could provide further insights into the company's performance.

Insider Buying and Selling at Entergy Corporation

Several insiders have made trades recently. Ralph Lewis Ropp, a Director, bought 1,000 shares at an average price of $106.08 on August 6, 2026. Chief Technology Officer Jason Chapman sold 9,447 shares at $109.06 on July 30, 2026. Other insiders, including Laura R Landreaux and Eliecer Viamontes, also sold shares in September, but their transactions were not purchases.

Analysts Set New Price Targets

On the same day as Keybanc's update, JP Morgan maintained its Overweight rating on Entergy with a target of $130.00, down from $137.00. Earlier, Truist Securities maintained a Buy rating with a target of $119.00, down from $122.00. The consensus among analysts suggests a cautious but optimistic view on Entergy's prospects.

About Entergy Corporation

Entergy Corporation is a utility company based in New Orleans, Louisiana, that produces and distributes electricity across parts of Arkansas, Louisiana, Mississippi, and Texas, including New Orleans. The company plays a crucial role in providing reliable energy to its customers and is actively involved in the transition to cleaner energy sources.

Bottom Line

Investors will be watching Entergy closely as it approaches its earnings date on October 29, 2026. Keybanc's reiteration of its Overweight rating signals continued confidence in the company's potential, despite the lowered price target. Further insights may emerge from upcoming earnings reports and additional analyst ratings.