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

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

ETR has been the subject of several other research reports. Evercore ISI upped their price target on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Barclays set a $96.00 target price on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. Mizuho upped their target price on shares of Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, October 27th. UBS Group reiterated a “buy” rating and set a $105.00 price target (up previously from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $104.83.

Entergy Stock Performance

ETR stock opened at $95.86 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. Entergy has a 1 year low of $75.57 and a 1 year high of $98.58. The company has a market cap of $42.81 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 2.14 and a beta of 0.66. The stock’s fifty day moving average price is $93.95 and its 200-day moving average price is $92.49.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same quarter in the prior year, the business earned $2.99 earnings per share. On average, equities analysts forecast that Entergy will post 3.88 earnings per share for the current year.

Insider Transactions at Entergy

In other news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction on 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. This trade represents a 33.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently made changes to their positions in ETR. United Community Bank raised its stake in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Capital A Wealth Management LLC boosted its stake in Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the period. GoalVest Advisory LLC grew its holdings in Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Entergy during the second quarter valued at approximately $30,000. Finally, Physician Wealth Advisors Inc. raised its position in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

About Entergy

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.