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

Wall Street Zen downgraded shares of Entergy (NYSE:ETR) from a sell rating to a strong sell rating in a research note published on Saturday morning.

ETR has been the subject of several other reports. Morgan Stanley set a $98.00 target price on Entergy in a research report on Friday, February 20th. Mizuho raised their target price on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. TD Cowen started coverage on Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. Finally, Wells Fargo & Company raised their target price on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.89.

Entergy Price Performance

Shares of NYSE:ETR opened at $113.56 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The stock’s fifty day simple moving average is $107.64 and its two-hundred day simple moving average is $99.40. Entergy has a 1-year low of $79.40 and a 1-year high of $117.81. The stock has a market cap of $51.99 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.28 and a beta of 0.57.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts forecast that Entergy will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s dividend payout ratio (DPR) is 65.47%.

Insiders Place Their Bets

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

Several large investors have recently added to or reduced their stakes in the company. Breakwater Capital Group purchased a new stake in Entergy in the 1st quarter worth about $206,000. Global Financial Private Client LLC increased its holdings in Entergy by 3.5% in the 1st quarter. Global Financial Private Client LLC now owns 21,641 shares of the utilities provider’s stock worth $2,432,000 after acquiring an additional 727 shares during the last quarter. BTC Capital Management Inc. grew its holdings in Entergy by 7.5% during the 1st quarter. BTC Capital Management Inc. now owns 53,278 shares of the utilities provider’s stock valued at $5,986,000 after buying an additional 3,697 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Entergy by 4.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 11,058 shares of the utilities provider’s stock valued at $1,242,000 after buying an additional 424 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new position in Entergy during the 1st quarter valued at about $4,968,000. 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.