Entergy (NYSE:ETR) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Wednesday.

Other equities analysts also recently issued reports about the stock. J P Morgan Chase & Co boosted their price target on shares of Entergy from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Bank of America initiated coverage on shares of Entergy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price target on the stock. Wells Fargo & Company reissued an “outperform” rating and issued a $96.00 price target (up from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Morgan Stanley boosted their price target on shares of Entergy from $82.00 to $84.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. Finally, Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Entergy currently has an average rating of “Hold” and an average price target of $82.42.

Entergy (NYSE ETR) traded up $0.11 during midday trading on Wednesday, hitting $83.70. 801,100 shares of the stock traded hands, compared to its average volume of 1,206,875. Entergy has a 12-month low of $69.51 and a 12-month high of $87.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The company has a market cap of $15,070.00, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.72 and a beta of 0.55.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $2.31 EPS. equities analysts forecast that Entergy will post 6.93 EPS for the current fiscal year.

In other Entergy news, EVP Marcus V. Brown sold 1,500 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.24, for a total transaction of $796,340.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,812 shares of company stock worth $4,907,522. Insiders own 0.24% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Castleton Investment Management LLC purchased a new stake in shares of Entergy in the second quarter worth about $16,800,000. Principal Financial Group Inc. lifted its holdings in shares of Entergy by 99.4% in the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock worth $69,296,000 after buying an additional 449,986 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Entergy by 1.0% in the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after buying an additional 154,117 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Entergy by 4.3% in the second quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock worth $44,954,000 after purchasing an additional 23,946 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Entergy by 3.3% in the second quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock worth $50,324,000 after purchasing an additional 20,800 shares during the last quarter. 82.95% of the stock is currently owned by hedge funds and other institutional investors.

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Entergy Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

Analyst Recommendations for Entergy (NYSE:ETR)

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