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 that occurred 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 transaction, the insider now directly owns 2,016 shares in the company, valued at $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Entergy Price Performance

Shares of NYSE:ETR opened at $149.13 on Friday. The firm has a market cap of $31.97 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 2.47 and a beta of 0.71. The firm’s fifty day moving average is $134.47 and its 200-day moving average is $119.71. 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 Co. has a 52 week low of $96.15 and a 52 week 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, beating the consensus estimate of $2.91 by $0.08. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates 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 business earned $3.27 earnings per share. Sell-side analysts predict that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This is a positive change from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 3.22%. Entergy’s payout ratio is presently 58.47%.

Hedge Funds Weigh In On Entergy

Several hedge funds and other institutional investors have recently bought and sold shares of ETR. Iron Horse Wealth Management LLC acquired a new position in Entergy in the second quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in Entergy in the third quarter valued at $27,000. Cetera Trust Company N.A bought a new stake in Entergy in the third quarter valued at $29,000. Fortitude Family Office LLC increased its stake in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. Finally, American National Bank increased its stake in Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada raised their target price on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Mizuho raised their target price on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.