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

Wall Street Zen lowered shares of Entergy (NYSE:ETR) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other equities analysts have also commented on the company. Argus set a $100.00 target price on Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Citigroup raised their target price on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Siebert Williams Shank initiated coverage on shares of Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 target price for the company. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.83.

Entergy Stock Performance

Shares of NYSE ETR opened at $95.86 on Friday. The company has a 50-day simple moving average of $93.95 and a 200-day simple moving average of $92.55. 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 has a market cap of $42.81 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.14 and a beta of 0.66. Entergy has a 12 month low of $75.57 and a 12 month high of $98.58.

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

Insider Activity at Entergy

In related news, insider Anastasia Minor sold 5,000 shares of the company’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 completion of the sale, the insider directly owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This represents a 33.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was bought 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 owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. United Community Bank lifted its position in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares in the last quarter. Capital A Wealth Management LLC increased its stake in Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after buying an additional 328 shares during the period. GoalVest Advisory LLC lifted its holdings in Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Entergy in the 2nd quarter worth $30,000. Finally, Physician Wealth Advisors Inc. boosted its position in Entergy by 56.9% in the 3rd 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. 88.07% of the stock is owned by institutional investors and hedge funds.

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.