UBS Downgrades Entergy to "Sell" (ETR)

UBS Downgrades Entergy to “Sell” (ETR)


On Thursday, analysts at UBS downgraded electrical utility company Entergy Corporation (ETR) due to regulatory challenges ahead.

The analysts downgraded ETR from “Neutral” to “Sell” with a price target of $55. This target suggests about a 14% downside to Wednesday’s closing price of $63.66.

Entergy shares were down $1.52, or -2.45%, during morning trading on Thursday. The stock is down about -8% over the past twelve months.

The Bottom Line
Shares of Entergy (ETR) have a dividend yield of 5.34% based on Thursday’s intraday trading price of $62.14 and the company’s annualized dividend payout of $3.32 per share.

Entergy Corporation (ETR) is not recommended at this time, holding a DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.