Entergy (NYSE:ETR) Given New $125.00 Price Target at Wells Fargo & Company

Entergy (NYSE:ETRFree Report) had its price objective upped by Wells Fargo & Company from $122.00 to $125.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Several other equities analysts also recently commented on ETR. KeyCorp increased their target price on shares of Entergy from $112.00 to $123.00 and gave the stock an overweight rating in a research report on Monday, May 20th. Mizuho raised their price target on Entergy from $107.00 to $114.00 and gave the company a buy rating in a research report on Friday, May 31st. BMO Capital Markets raised their price target on Entergy from $110.00 to $113.00 and gave the company an outperform rating in a research report on Monday, February 26th. Royal Bank of Canada reaffirmed an outperform rating and issued a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. Finally, Morgan Stanley raised their price target on Entergy from $94.00 to $103.00 and gave the company an underweight rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $113.92.

View Our Latest Stock Analysis on ETR

Entergy Trading Down 0.6 %

Entergy stock opened at $110.90 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.11 and a beta of 0.73. Entergy has a one year low of $87.10 and a one year high of $114.28. The company’s fifty day moving average price is $107.95 and its two-hundred day moving average price is $103.61.

Entergy (NYSE:ETRGet Free Report) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. On average, analysts forecast that Entergy will post 7.23 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Wednesday, May 1st. Entergy’s dividend payout ratio is 45.34%.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The disclosure for this sale can be found here. Insiders sold a total of 20,729 shares of company stock worth $2,194,615 over the last quarter. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Entergy

Several hedge funds have recently modified their holdings of ETR. Tidemark LLC acquired a new stake in shares of Entergy during the fourth quarter worth approximately $25,000. Heritage Wealth Advisors increased its holdings in shares of Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after buying an additional 239 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at approximately $32,000. Fortis Group Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at approximately $32,000. Finally, OLD Point Trust & Financial Services N A acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Company Profile

(Get Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

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Analyst Recommendations for Entergy (NYSE:ETR)

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