Entergy (NYSE:ETR) Cut to “Sell” at Wall Street Zen

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

Other equities analysts also recently issued reports about the stock. Argus set a $100.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. BTIG Research raised Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Mizuho lifted their price objective on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Siebert Williams Shank began coverage on Entergy in a research note on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.83.

Entergy Stock Performance

NYSE:ETR opened at $95.86 on Friday. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.14 and a beta of 0.66. The business has a 50 day moving average of $93.95 and a 200 day moving average of $92.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. Entergy has a 1-year low of $75.57 and a 1-year high of $98.58.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.32 by $0.21. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm posted $2.99 earnings per share. On average, sell-side analysts predict that Entergy will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares in the company, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the firm’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 transaction of $495,624.00. Following the sale, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ETR. Brighton Jones LLC increased its holdings in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Entergy by 31.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 208,924 shares of the utilities provider’s stock valued at $17,366,000 after acquiring an additional 50,537 shares during the last quarter. ASR Vermogensbeheer N.V. grew its stake in shares of Entergy by 184.1% in the second quarter. ASR Vermogensbeheer N.V. now owns 50,462 shares of the utilities provider’s stock worth $4,194,000 after acquiring an additional 32,699 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Entergy by 7.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 13,635 shares of the utilities provider’s stock worth $1,133,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.