Morgan Stanley Sticks to Their Sell Rating for Entergy (ETR)

In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on Entergy (ETRResearch Report), with a price target of $106.00. The company’s shares closed last Thursday at $108.15.

According to, Byrd is a 5-star analyst with an average return of 9.8% and a 57.0% success rate. Byrd covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Nextera Energy Partners.

Entergy has an analyst consensus of Moderate Buy, with a price target consensus of $123.46.

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Entergy’s market cap is currently $22.02B and has a P/E ratio of 20.66.

Based on the recent corporate insider activity of 136 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ETR in relation to earlier this year. Last month, HINNENKAMP PAUL D, the EVP & COO of ETR sold 6,500 shares for a total of $786,110.

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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.

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