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

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

Several other research analysts have also recently issued reports on the stock. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $69.00 to $77.00 in a report on Monday, November 4th. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Barclays boosted their price objective on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, Mizuho boosted their price target on Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.40.

Entergy Stock Up 0.9 %

Shares of NYSE ETR opened at $75.13 on Friday. Entergy has a 52-week low of $48.08 and a 52-week high of $79.04. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.48 and a beta of 0.71. The stock has a 50 day moving average price of $73.06 and a 200 day moving average price of $63.55. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the business earned $1.64 EPS. Sell-side analysts expect that Entergy will post 3.61 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 sale, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,600 shares of company stock worth $2,125,497 in the last three months. Corporate insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently bought and sold shares of the business. &PARTNERS purchased a new stake in shares of Entergy in the 2nd quarter valued at $345,000. Raymond James Trust N.A. lifted its position in Entergy by 11.0% during the second quarter. Raymond James Trust N.A. now owns 22,540 shares of the utilities provider’s stock valued at $2,412,000 after purchasing an additional 2,227 shares during the period. Cohen Investment Advisors LLC boosted its holdings in Entergy by 13.2% in the second quarter. Cohen Investment Advisors LLC now owns 4,262 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 496 shares during the last quarter. State of Michigan Retirement System grew its position in Entergy by 1.0% during the 2nd quarter. State of Michigan Retirement System now owns 58,502 shares of the utilities provider’s stock worth $6,260,000 after purchasing an additional 600 shares during the period. Finally, AlphaStar Capital Management LLC raised its stake in shares of Entergy by 20.8% during the 2nd quarter. AlphaStar Capital Management LLC now owns 2,572 shares of the utilities provider’s stock valued at $275,000 after buying an additional 443 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.