Entergy (NYSE:ETR) Cut to “Sell” at StockNews.com

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

ETR has been the subject of several other reports. Guggenheim increased their target price on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. Argus upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Mizuho upped their target price on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and raised their price target for the company from $69.00 to $77.00 in a report on Monday, November 4th. Finally, BMO Capital Markets dropped their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.40.

Entergy Stock Up 0.9 %

Shares of ETR stock opened at $75.13 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. Entergy has a 12 month low of $48.08 and a 12 month high of $79.04. The stock has a market cap of $32.22 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.48 and a beta of 0.71. The company has a 50 day simple moving average of $73.06 and a two-hundred day simple moving average of $63.55.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS 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 firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the business posted $1.64 EPS. On average, research analysts expect that Entergy will post 3.61 earnings per share for the current year.

Insider Transactions at Entergy

In related news, COO Peter S. Norgeot, Jr. sold 15,844 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $65.00, for a total value of $1,029,860.00. Following the completion of the sale, the chief operating officer now directly owns 69,986 shares in the company, valued at $4,549,090. This trade represents a 18.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction on 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 in the company, valued at $292,210.88. This trade represents a 60.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,600 shares of company stock worth $2,125,497 in the last three months. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several institutional investors have recently made changes to their positions in ETR. &PARTNERS bought a new stake in Entergy in the second quarter worth about $345,000. Raymond James Trust N.A. lifted its stake in shares of Entergy by 11.0% during the 2nd quarter. Raymond James Trust N.A. now owns 22,540 shares of the utilities provider’s stock worth $2,412,000 after acquiring an additional 2,227 shares during the last quarter. Cohen Investment Advisors LLC boosted its holdings in Entergy by 13.2% during the 2nd quarter. Cohen Investment Advisors LLC now owns 4,262 shares of the utilities provider’s stock valued at $456,000 after acquiring an additional 496 shares during the period. State of Michigan Retirement System grew its position in Entergy by 1.0% in the 2nd quarter. State of Michigan Retirement System now owns 58,502 shares of the utilities provider’s stock valued at $6,260,000 after acquiring an additional 600 shares during the last quarter. Finally, AlphaStar Capital Management LLC increased its stake in Entergy by 20.8% in the second quarter. AlphaStar Capital Management LLC now owns 2,572 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 443 shares during the period. Institutional investors 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.