Entergy (NYSE:ETR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Entergy (NYSE:ETR) had its price objective raised by Wells Fargo & Company from $85.00 to $97.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Several other research analysts have also weighed in on the company. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Barclays upped their price target on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Guggenheim upped their price target on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group upped their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average target price of $82.14.

Entergy Trading Down 0.1 %

Shares of NYSE ETR opened at $87.31 on Wednesday. Entergy has a 12 month low of $49.80 and a 12 month high of $88.38. The company has a market cap of $37.44 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.52 and a beta of 0.72. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The business has a fifty day simple moving average of $78.74 and a 200-day simple moving average of $71.08.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the business posted $0.26 earnings per share. Sell-side analysts predict that Entergy will post 3.63 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ETR. Blue Trust Inc. raised its stake in shares of Entergy by 700.0% in the 3rd quarter. Blue Trust Inc. now owns 1,696 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 1,484 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Entergy by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,192 shares of the utilities provider’s stock valued at $13,713,000 after buying an additional 1,382 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Entergy by 11.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 5,583 shares of the utilities provider’s stock valued at $735,000 after buying an additional 595 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Entergy by 4.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,300 shares of the utilities provider’s stock valued at $303,000 after buying an additional 105 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Entergy in the 3rd quarter valued at approximately $110,000. 88.07% of the stock is owned by institutional investors.

Entergy Company Profile

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.