Entergy (NYSE:ETR) Lowered to Sell Rating by StockNews.com

Entergy (NYSE:ETR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other equities analysts also recently commented on ETR. Guggenheim increased their target price on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $69.00 to $77.00 in a report on Monday, November 4th. Barclays boosted their target price on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Finally, UBS Group boosted their price objective on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.40.

Entergy Stock Up 0.9 %

ETR stock opened at $75.13 on Friday. The stock has a market capitalization of $32.22 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm has a 50-day moving average price of $73.06 and a 200-day moving average price of $63.60. Entergy has a 12 month low of $48.08 and a 12 month high of $79.04.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.04. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter last year, the business posted $1.64 earnings per share. As a group, equities research analysts anticipate that Entergy will post 3.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the sale, the insider now directly owns 4,032 shares of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,756 shares of company stock worth $1,095,637. Corporate insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Several hedge funds have recently bought and sold shares of ETR. Legacy Investment Solutions LLC acquired a new position in shares of Entergy during the third quarter valued at about $27,000. Cetera Trust Company N.A acquired a new stake in shares of Entergy in the 3rd quarter worth about $29,000. Fortitude Family Office LLC lifted its position in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. Coastline Trust Co acquired a new position in Entergy during the 3rd quarter valued at about $31,000. Finally, Rothschild Investment LLC bought a new stake in Entergy during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Entergy

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.