Truist Securities Cuts Entergy (ETR) Price Target to $119

Truist Securities has reiterated its Buy rating on Entergy Corporation (NYSE: ETR) and adjusted the price target to $119 from $122 on October 12, 2026. This change reflects a reassessment of the company's potential performance in the utilities sector.

Other Institutional Activity in Entergy Corporation

Several other funds have also been active with Entergy shares. Blackrock Inc. holds about 42.3 million shares worth approximately $4.45 billion after increasing its stake by 1.36 million shares, which is a 3.3% increase. Vanguard Capital Management LLC added 1.12 million shares, raising its total to about 30.5 million shares valued at around $3.21 billion, marking a 3.8% increase. Vanguard Portfolio Management LLC increased its holdings by 1.32 million shares, bringing its total to about 26.9 million shares worth roughly $2.82 billion, a 5.1% increase. State Street Corporation also grew its position by 634,000 shares, totaling about 25.6 million shares valued at around $2.69 billion, a 2.5% increase. In contrast, JPMorgan Chase & Co. reduced its stake by about 2.5 million shares, leaving it with roughly 24.9 million shares worth about $2.62 billion, a 9.2% decrease.

Entergy Corporation Stock Up 2.8%

As of October 16, 2026, Entergy's stock is trading at $104.87, which is about 11.9% below the revised target of $119 set by Truist Securities. This comes after the stock closed at an unknown price on the event date, but it indicates a potential opportunity for investors considering the analyst's outlook.

Recent Earnings

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

Dividend

Entergy Corporation offers a dividend rate of $2.56 per share, with a payout ratio of 64.4%. This dividend yield adds an attractive element for income-focused investors.

Insider Buying and Selling at Entergy Corporation

Insider trading activity includes Ralph Lewis Ropp, a director, who bought 1,000 shares at $106.08 on August 6, 2026, totaling about $106,075. Other insiders, including Chief Technology Officer Jason Chapman and Officer Laura R Landreaux, sold shares earlier this year, but no new buys were reported since Ropp's transaction.

Analysts Set New Price Targets

On October 12, 2026, Truist Securities maintained its Buy rating on Entergy Corporation and revised the price target to $119 from $122. This follows other analysts, such as Evercore ISI Group, which maintained an Outperform rating with a target of $128 on August 17, 2026, and Morgan Stanley, which has set varying targets from $105 to $98 during the same period.

About Entergy Corporation

Entergy Corporation is a major player in the utilities sector, focusing on the production and distribution of electricity in parts of the United States, including Arkansas, Louisiana, Mississippi, and Texas. With a strong revenue base and consistent dividends, Entergy remains a key utility provider in the region.

Bottom Line

Investors should keep an eye on Entergy's upcoming earnings report on October 29, 2026, as it may provide further clarity on its financial performance. The adjustments in analyst ratings and targets indicate ongoing evaluation of the company's prospects in the utilities market.