RSS
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 Dividend.com 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.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations
MOST POPULAR ARTICLES ON DIVIDEND.COM
ABOUT THIS ARTICLE