Entergy (NYSE:ETR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Entergy (NYSE:ETRFree Report) from a hold rating to a sell rating in a research report report published on Sunday morning.

Other research analysts have also recently issued reports about the company. BMO Capital Markets boosted their target price on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.05.

View Our Latest Stock Report on Entergy

Entergy Trading Up 0.1%

Shares of NYSE ETR opened at $107.26 on Friday. The company’s fifty day moving average is $111.95 and its 200-day moving average is $108.83. The stock has a market cap of $50.05 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 1.83 and a beta of 0.50. Entergy has a twelve month low of $86.40 and a twelve month high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is 65.64%.

Insider Activity

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Entergy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after purchasing an additional 589,317 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Entergy in the second quarter worth $4,861,376,000. State Street Corp boosted its holdings in Entergy by 4.4% during the fourth quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after purchasing an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Entergy by 5.3% in the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after purchasing an additional 870,847 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Entergy (NYSE:ETR)

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