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

by · The Markets Daily

Wall Street Zen cut shares of Entergy (NYSE:ETR – Free Report) from a hold rating to a sell rating in a research note released on Sunday morning.

ETR has been the topic of several other research reports. Truist Financial set a $127.00 target price on Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Wells Fargo & Company raised their price target on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley set a $109.00 price target on Entergy in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, BMO Capital Markets raised their target price on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.05.

Check Out Our Latest Research Report on Entergy

Entergy Stock Performance

Shares of ETR opened at $106.45 on Friday. The stock has a market capitalization of $49.67 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.80 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy has a 1 year low of $86.40 and a 1 year high of $118.44. The company’s fifty day moving average is $111.94 and its two-hundred day moving average is $108.98.

Entergy (NYSE:ETR – Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate 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 firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

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 $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio is 65.64%.

Insiders Place Their Bets

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Entergy in the second quarter worth about $4,861,376,000. JPMorgan Chase & Co. lifted its holdings in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Norges Bank bought a new position in Entergy during the 4th quarter worth approximately $528,313,000. Deutsche Bank AG acquired a new position in shares of Entergy in the 2nd quarter worth approximately $289,303,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Entergy in the 2nd quarter valued at approximately $277,819,000. Institutional investors and hedge funds 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.

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