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.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability