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

Entergy (NYSE:ETR) had its target price boosted by Wells Fargo & Company from $105.00 to $119.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the utilities provider’s stock.

Several other research analysts have also weighed in on the stock. Siebert Williams Shank started coverage on shares of Entergy in a research report on Tuesday. They set a “buy” rating and a $109.00 target price on the stock. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. UBS Group reissued a “buy” rating and set a $105.00 price objective (up previously from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Barclays set a $96.00 target price on shares of Entergy and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Citigroup increased their price target on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.03.

Entergy Stock Down 1.7%

Shares of Entergy stock opened at $94.74 on Tuesday. Entergy has a one year low of $75.55 and a one year high of $98.58. The company has a market cap of $42.31 billion, a P/E ratio of 23.39, a PEG ratio of 2.15 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The firm has a fifty day moving average of $93.85 and a two-hundred day moving average of $91.88.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.58 billion. Entergy had a net margin of 14.26% and a return on equity of 11.53%. During the same period in the previous year, the business posted $2.99 earnings per share. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, analysts forecast that Entergy will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Entergy by 2.6% in the third quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after acquiring an additional 1,488,238 shares in the last quarter. State Street Corp grew its position in shares of Entergy by 1.8% during the third quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock worth $2,174,864,000 after buying an additional 417,077 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Entergy by 2.9% in the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after buying an additional 452,562 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Entergy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock valued at $1,365,113,000 after acquiring an additional 472,761 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Entergy by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after acquiring an additional 479,093 shares in the last quarter. Institutional investors and hedge funds 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.