Entergy Co. (NYSE:ETR) Chairman Leo P. Denault sold 44,279 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $97.50, for a total value of $4,317,202.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE:ETR traded up $0.62 during trading hours on Thursday, hitting $96.91. 29,247 shares of the stock were exchanged, compared to its average volume of 1,463,370. Entergy Co. has a twelve month low of $75.45 and a twelve month high of $97.62. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.52 and a current ratio of 0.70. The company has a market cap of $18.29 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 2.64 and a beta of 0.40.
Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.12). Entergy had a return on equity of 15.17% and a net margin of 9.04%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company posted $0.83 EPS. On average, equities analysts predict that Entergy Co. will post 5.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, May 8th. Entergy’s dividend payout ratio is 49.79%.
A number of research firms recently commented on ETR. Morgan Stanley increased their price target on Entergy from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday. Macquarie set a $100.00 price target on Entergy and gave the stock a “buy” rating in a research report on Thursday, May 2nd. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Wells Fargo & Co increased their price target on Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $93.50.
A number of large investors have recently bought and sold shares of the business. Aspire Private Capital LLC acquired a new position in shares of Entergy in the 4th quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in shares of Entergy in the 4th quarter valued at $27,000. American Research & Management Co. acquired a new position in shares of Entergy in the 1st quarter valued at $30,000. Investec Asset Management PTY Ltd acquired a new position in shares of Entergy in the 4th quarter valued at $37,000. Finally, CWM LLC lifted its stake in shares of Entergy by 176.4% in the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 284 shares during the period. 89.77% of the stock is currently owned by hedge funds and other institutional investors.
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Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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