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

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

Other research analysts have also recently issued reports about the stock. Barclays increased their price target on shares of Entergy from $96.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Wells Fargo & Company increased their price target on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Citigroup increased their price target on shares of Entergy from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. KeyCorp increased their price target on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.67.

Entergy Price Performance

Shares of NYSE:ETR opened at $115.52 on Friday. The company has a 50-day simple moving average of $107.34 and a 200-day simple moving average of $99.22. Entergy has a one year low of $79.40 and a one year high of $117.81. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The stock has a market capitalization of $52.89 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.28 and a beta of 0.57.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, May 1st. Entergy’s dividend payout ratio is presently 65.47%.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Entergy

Several large investors have recently modified their holdings of the business. Aristotle Capital Management LLC boosted its position in Entergy by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 96 shares during the last quarter. Founders Financial Securities LLC boosted its holdings in shares of Entergy by 2.5% in the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 101 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 102 shares during the last quarter. MFA Wealth Services boosted its holdings in shares of Entergy by 3.8% in the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 107 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its holdings in shares of Entergy by 7.6% in the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 109 shares during the last quarter. 88.07% of the stock is currently 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.