Entergy Co. (NYSE:ETR) Insider Sells $616,090.02 in Stock

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 4,134 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the transaction, the insider now owns 2,016 shares of the company’s stock, valued at $300,444.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Entergy Price Performance

Shares of ETR opened at $147.61 on Thursday. The firm has a market cap of $31.65 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.49 and a beta of 0.71. Entergy Co. has a 52-week low of $96.15 and a 52-week high of $156.85. The business’s 50 day moving average price is $133.48 and its two-hundred day moving average price is $119.33. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the previous year, the company earned $3.27 EPS. On average, equities analysts anticipate that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio is 58.47%.

Institutional Trading of Entergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETR. Ameriprise Financial Inc. boosted its holdings in Entergy by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after acquiring an additional 2,075,776 shares in the last quarter. Capital International Investors increased its stake in Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Entergy by 185.5% in the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock worth $200,804,000 after acquiring an additional 1,219,419 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after purchasing an additional 763,834 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Entergy by 89.2% in the second quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after purchasing an additional 506,239 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ETR shares. BMO Capital Markets lifted their price target on Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Scotiabank increased their price objective on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $150.96.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.