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

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 4,134 shares of Entergy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the completion of the sale, the insider now directly owns 2,016 shares of the company’s stock, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Entergy Stock Up 1.4 %

Entergy stock opened at $149.13 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $31.97 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.47 and a beta of 0.71. The firm has a 50 day moving average price of $134.47 and a 200-day moving average price of $119.71. Entergy Co. has a twelve month low of $96.15 and a twelve month high of $156.85.

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, topping analysts’ consensus estimates of $2.91 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the business posted $3.27 earnings per share. As a group, equities analysts predict that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.22%. Entergy’s dividend payout ratio is 58.47%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ETR. UBS Group boosted their target price on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $138.00 to $154.00 in a research report on Monday, November 4th. Guggenheim boosted their target price on shares of Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets boosted their target price on shares of Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Hedge Funds Weigh In On Entergy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC raised its holdings in Entergy by 21.7% during the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 98 shares during the period. Empowered Funds LLC boosted its holdings in shares of Entergy by 23.2% in the first quarter. Empowered Funds LLC now owns 11,594 shares of the utilities provider’s stock worth $1,225,000 after acquiring an additional 2,181 shares during the period. Sei Investments Co. boosted its holdings in shares of Entergy by 15.6% in the first quarter. Sei Investments Co. now owns 179,077 shares of the utilities provider’s stock worth $18,925,000 after acquiring an additional 24,105 shares during the period. Qsemble Capital Management LP bought a new position in shares of Entergy in the first quarter worth $358,000. Finally, ProShare Advisors LLC boosted its stake in Entergy by 6.0% in the 1st quarter. ProShare Advisors LLC now owns 40,178 shares of the utilities provider’s stock worth $4,246,000 after purchasing an additional 2,273 shares during the period. Institutional investors own 88.07% of the company’s stock.

About Entergy

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.