Entergy Corporation

🇺🇸New York Stock Exchange
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Entergy Corporation stock analysis ETR overview
Somewhat Bullish +50

Wells Fargo Sticks to Its Buy Rating for Entergy (ETR)

🔍 Wells Fargo analyst Shahriar Pourreza reaffirmed a Buy rating for Entergy (ETR) with a new price target of $128.00.

📉 The company's shares closed recently at $116.43, implying significant upside potential from the current trading price.

🛠 Analyst Pourreza specializes in the Utilities sector and covers peers including Eversource Energy, Sempra Energy, and Constellation Energy.

📊 His historical track record shows an average return of 8.6% and a 69.81% success rate on recommended stocks according to TipRanks.

💰 Entergy maintains a moderate buy consensus across analysts with a general price target average of $122.00.

🏦 Barclays also holds a Buy rating with a $124.00 price target, reinforcing positive sentiment among major financial institutions.

📈 The company reported Q1 revenue of $3.19 billion and net profit of $390.81 million for the quarter ending March 31.

📉 Revenue grew from $2.85 billion in the prior year period, while net profit increased from $360.76 million last year.

🧠 Corporate insider sentiment is currently negative due to a recent increase in insider selling activity over the past quarter.

🏃‍♂️ Chief External Affairs Officer John O III Hudson recently sold 10,000 shares for approximately $1.05 million in February 2026.

⚖️ Other analysts have recently adjusted their price targets upward, including Scotiabank raising its target to $129 and UBS to $135.

🔗 Additional context highlights positive outlooks driven by recent corporate deals such as the partnership with Meta.

Bullish Signals
  • Wells Fargo analyst Shahriar Pourreza maintained a Buy rating for Entergy (ETR) with a price target of $128.00, which implies potential upside over the current trading price of $116.43.
  • Barclays also maintains a Buy rating on Entergy with a price target of $124.00, reinforcing positive analyst consensus sentiment.
  • Entergy's Q1 2026 earnings beat expectations with adjusted EPS of 86 cents versus the consensus estimate of 84 cents.
  • The company reported strong financial growth with quarterly revenue increasing to $3.19 billion from $2.85 billion a year ago, while net profit rose to $390.81 million from $360.76 million.
  • Multiple banks recently raised their price targets on Entergy, including Scotiabank raising its target to $129 and UBS increasing it to $135.
  • Entergy is riding a Meta deal that is described as providing a 'supercharged outlook' for the company's future growth prospects.
Risk Factors
  • Corporate insider sentiment is negative on Entergy (ETR) due to increased selling activity by insiders over the past quarter.
  • In February 2026, JOHN O III HUDSON, the Chief External Affairs Officer, sold 10,000 shares worth $1,047,900.00, signaling potential lack of confidence from senior leadership.
Full Analysis
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating for Entergy Corp. (ETR) on May 3, setting a price target of $128.00, while the stock closed at $116.43. This action reinforces an existing Moderate Buy consensus among analysts, which currently sits at a $122.00 average price target implying roughly 4.78% upside from current levels. The positive sentiment is supported by recent financial results for the quarter ending March 31, where Entergy reported revenue of $3.19 billion and net profit of $390.81 million, representing year-over-year growth compared to last year's figures of $2.85 billion in revenue and $360.76 million in net profit. Other major banks, including Barclays with a $124.00 target and Scotiabank with a recently raised target of $129.00, also hold positive views on the utility sector stock. Despite the bullish analyst coverage, corporate insider activity for Entergy has been notably negative over the past quarter, with 164 insiders showing selling sentiment relative to earlier in the year. Specifically, John O III Hudson, the Chief External Affairs Officer, sold 10,000 shares valued at $1.047 million in February 2026, which is flagged as a point of divergence between institutional optimism and executive confidence. The utility company continues to benefit from strategic moves such as its deal with Meta, which is cited as supercharging the company's future outlook, alongside strong quarterly earnings that beat consensus adjusted EPS expectations of 86 cents versus a consensus of 84 cents. In terms of broader market context, Wells Fargo analyst Pourreza focuses on the Utilities sector, covering peers such as Eversource Energy, Sempra Energy, and Constellation Energy Corporation. His historical track record shows an average return of 8.6% with a 69.81% success rate on recommended stocks, lending credibility to the continued Buy recommendation. The combination of robust earnings growth, strategic partnerships, and strong analyst price targets suggests that despite insider selling, the fundamental business case for Entergy remains attractive to institutional investors, with most major banks maintaining their positive ratings above current trading prices.