Wells Fargo & Company Increases Entergy (NYSE:ETR) Price Target to $119.00

Entergy (NYSE:ETR) had its price target upped by Wells Fargo & Company from $105.00 to $119.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 23.64% from the stock’s previous close.

ETR has been the subject of a number of other research reports. Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Scotiabank set a $105.00 price objective on Entergy and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Barclays set a $96.00 price target on Entergy and gave the company an “overweight” rating in a research note on Thursday. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Entergy Stock Down 0.2%

ETR traded down $0.18 during trading hours on Tuesday, hitting $96.25. 411,332 shares of the company’s stock were exchanged, compared to its average volume of 2,122,698. The stock’s 50-day moving average is $93.89 and its two-hundred day moving average is $91.79. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy has a 1-year low of $75.55 and a 1-year high of $98.58. The stock has a market cap of $42.98 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.15 and a beta of 0.66.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same quarter last year, the company earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Sell-side analysts predict that Entergy will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider owned 10,122 shares in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider directly owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 10,179 shares of company stock worth $981,707. 0.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Entergy

Several hedge funds and other institutional investors have recently modified their holdings of ETR. Capital A Wealth Management LLC raised its holdings in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares during the last quarter. GoalVest Advisory LLC raised its stake in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Entergy in the 2nd quarter worth about $30,000. Physician Wealth Advisors Inc. lifted its stake in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.