Wall Street Zen Downgrades Entergy (NYSE:ETR) to Sell

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

A number of other equities analysts have also recently commented on the company. Morgan Stanley set a $91.00 price target on Entergy in a research note on Thursday, November 20th. Barclays set a $100.00 target price on shares of Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Finally, Mizuho raised their price target on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $103.09.

Entergy Stock Performance

NYSE ETR opened at $91.50 on Monday. The company has a 50-day simple moving average of $95.11 and a two-hundred day simple moving average of $90.10. Entergy has a 12-month low of $73.70 and a 12-month high of $98.58. The firm has a market cap of $40.86 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.30 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.37 billion for the quarter. On average, equities analysts forecast that Entergy will post 3.88 EPS for the current year.

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director owned 1,050 shares in the company, valued at approximately $101,524.50. This trade represents a 2,000.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the sale, the insider directly owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,179 shares of company stock worth $981,707 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently bought and sold shares of the stock. Keel Point LLC lifted its holdings in Entergy by 12.8% in the third quarter. Keel Point LLC now owns 8,528 shares of the utilities provider’s stock worth $795,000 after buying an additional 971 shares during the period. New Mexico Educational Retirement Board grew its holdings in shares of Entergy by 1.0% during the 3rd quarter. New Mexico Educational Retirement Board now owns 20,198 shares of the utilities provider’s stock worth $1,882,000 after acquiring an additional 200 shares during the period. Allworth Financial LP raised its position in shares of Entergy by 1.3% in the 3rd quarter. Allworth Financial LP now owns 9,494 shares of the utilities provider’s stock worth $885,000 after acquiring an additional 126 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in shares of Entergy by 24.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 38,001 shares of the utilities provider’s stock valued at $3,541,000 after purchasing an additional 7,444 shares during the period. Finally, Groupama Asset Managment lifted its stake in shares of Entergy by 4.2% in the 3rd quarter. Groupama Asset Managment now owns 565,918 shares of the utilities provider’s stock valued at $52,738,000 after purchasing an additional 22,663 shares during the period. 88.07% of the stock is owned by institutional investors.

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.