Wells Fargo & Company Forecasts Strong Price Appreciation for Entergy (NYSE:ETR) Stock

Entergy (NYSE:ETR) had its price target increased by stock analysts at Wells Fargo & Company from $105.00 to $119.00 in a research report issued to clients and investors 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 24.32% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. KeyCorp set a $102.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Argus set a $100.00 price objective on Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th. Siebert Williams Shank initiated coverage on Entergy in a research note on Tuesday. They set a “buy” rating and a $109.00 target price for the company. Finally, Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Entergy Trading Up 1.0%

Shares of NYSE:ETR opened at $95.72 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. Entergy has a 12-month low of $75.55 and a 12-month high of $98.58. The business has a 50 day moving average of $93.83 and a two-hundred day moving average of $91.91. The company has a market capitalization of $42.75 billion, a PE ratio of 23.64, a PEG ratio of 2.11 and a beta of 0.66.

Entergy (NYSE:ETR) last posted its earnings results 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. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the previous year, the firm earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, analysts forecast that Entergy will post 3.88 EPS for the current year.

Insider Buying and Selling at Entergy

In other news, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the sale, the insider directly owned 10,122 shares in the company, valued at $975,659.58. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. Corporate insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Hedge funds have recently bought and sold shares of the business. Capital A Wealth Management LLC boosted its holdings in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the last quarter. GoalVest Advisory LLC lifted its position in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Entergy during the second quarter worth $30,000. Physician Wealth Advisors Inc. grew its holdings in Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings 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 buying an additional 194 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.