Entergy (NYSE:ETR) Lowered to “Sell” Rating by Wall Street Zen

Entergy (NYSE:ETR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other analysts also recently commented on ETR. Mizuho upped their target price on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. BTIG Research upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $91.00 price objective on shares of Entergy in a research note on Thursday, November 20th. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup increased their price target on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.47.

Entergy Stock Down 0.2%

NYSE:ETR opened at $94.27 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. The company’s fifty day moving average price is $95.56 and its 200-day moving average price is $89.30. Entergy has a 1-year low of $73.15 and a 1-year high of $98.58. The firm has a market capitalization of $42.10 billion, a P/E ratio of 23.28, a PEG ratio of 2.37 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The company had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. As a group, equities research analysts anticipate that Entergy will post 3.88 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On Entergy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETR. MFA Wealth Services boosted its position in shares of Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 107 shares during the last quarter. Guidance Capital Inc. increased its holdings in shares of Entergy by 0.8% during the 3rd quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after buying an additional 112 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Entergy by 3.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after buying an additional 116 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Entergy by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after acquiring an additional 118 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.