Entergy Co. (NYSE:ETR) Insider Eliecer Viamontes Sells 200 Shares of Stock

Entergy Co. (NYSE:ETR) insider Eliecer Viamontes sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total transaction of $29,400.00. Following the completion of the sale, the insider now owns 4,173 shares of the company’s stock, valued at $613,431. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Eliecer Viamontes also recently made the following trade(s):

• On Friday, August 30th, Eliecer Viamontes sold 5,166 shares of Entergy stock. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00.

Entergy Stock Performance

NYSE:ETR opened at $145.96 on Friday. The company’s 50-day moving average price is $131.25 and its 200-day moving average price is $118.08. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The company has a market cap of $31.30 billion, a P/E ratio of 17.78, a P/E/G ratio of 2.69 and a beta of 0.71. Entergy Co. has a twelve month low of $94.85 and a twelve month high of $156.85.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the business earned $3.27 earnings per share. On average, sell-side analysts forecast that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.29%. Entergy’s dividend payout ratio (DPR) is currently 55.05%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group boosted their price target on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Finally, StockNews.com lowered shares of Entergy from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after buying an additional 2,075,776 shares during the last quarter. Capital International Investors grew its stake in shares of Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after purchasing an additional 1,630,057 shares during the period. Millennium Management LLC grew its stake in shares of Entergy by 185.5% during the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock worth $200,804,000 after purchasing an additional 1,219,419 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Entergy by 12.4% in 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 buying an additional 763,834 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Entergy by 89.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after buying an additional 506,239 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.