Entergy (NYSE:ETR) Stock Rating Lowered by Wall Street Zen

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

A number of other analysts have also recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $105.00 target price (up previously from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. TD Cowen initiated coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 target price on the stock. Evercore ISI increased their price target on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. BTIG Research upgraded Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, KeyCorp set a $102.00 price objective on shares of Entergy and gave the company an “overweight” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.83.

Entergy Stock Down 0.2%

NYSE ETR opened at $95.86 on Friday. The firm has a 50-day simple moving average of $93.95 and a 200 day simple moving average of $92.62. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The stock has a market cap of $42.81 billion, a PE ratio of 23.67, a PEG ratio of 2.14 and a beta of 0.65. Entergy has a twelve month low of $75.57 and a twelve month high of $98.58.

Insider Activity

In related news, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the transaction, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares in the company, valued at $762,253.50. The trade was a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Entergy

Hedge funds have recently made changes to their positions in the business. United Community Bank boosted its holdings in 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 during the last quarter. Capital A Wealth Management LLC lifted its position 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 in the last quarter. GoalVest Advisory LLC boosted its stake in shares of Entergy by 5,733.3% during 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 during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Entergy during the 2nd quarter worth about $30,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of 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 acquiring an additional 115 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

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.