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.
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