Entergy (NYSE:ETR) Given New $150.00 Price Target at Wells Fargo & Co

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Entergy (NYSE:ETR) had its price target boosted by Wells Fargo & Co from $132.00 to $150.00 in a research report released on Thursday, The Fly reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other brokerages have also issued reports on ETR. KeyCorp increased their price objective on shares of Entergy from $129.00 to $136.00 and gave the company an overweight rating in a report on Thursday. Royal Bank of Canada reissued a hold rating and issued a $118.00 target price on shares of Entergy in a report on Monday, January 20th. Morgan Stanley raised their target price on shares of Entergy from $119.00 to $124.00 and gave the company an equal weight rating in a report on Wednesday, January 29th. Bank of America raised their target price on shares of Entergy from $125.00 to $128.00 and gave the company a buy rating in a report on Tuesday, December 3rd. Finally, Mizuho reissued a buy rating and issued a $123.00 target price (up from $121.00) on shares of Entergy in a report on Monday, December 23rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Entergy currently has a consensus rating of Buy and a consensus target price of $128.00.

ETR opened at $129.96 on Thursday. Entergy has a twelve month low of $91.06 and a twelve month high of $135.55. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.67. The company has a fifty day moving average of $127.80 and a 200-day moving average of $118.67. The stock has a market cap of $25.88 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 3.33 and a beta of 0.25.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a net margin of 11.57% and a return on equity of 11.02%. During the same period in the prior year, the company posted $0.60 earnings per share. Sell-side analysts anticipate that Entergy will post 5.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 13th will be given a $0.93 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.72 dividend on an annualized basis and a yield of 2.86%. Entergy’s dividend payout ratio is presently 68.89%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Private Ocean LLC purchased a new position in Entergy in the third quarter valued at about $35,000. Manchester Capital Management LLC acquired a new stake in shares of Entergy during the fourth quarter worth about $36,000. Motco acquired a new stake in shares of Entergy during the fourth quarter worth about $48,000. Point72 Hong Kong Ltd lifted its holdings in shares of Entergy by 395.1% during the fourth quarter. Point72 Hong Kong Ltd now owns 401 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 320 shares during the period. Finally, Thor Advisors LLC acquired a new stake in shares of Entergy during the third quarter worth about $52,000. Institutional investors own 86.43% of the company’s stock.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Analyst Recommendations for Entergy (NYSE:ETR)

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