Insider Selling: Entergy Co. (NYSE:ETR) Insider Sells 1,500 Shares of Stock

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the sale, the insider now directly owns 2,479 shares in the company, valued at $273,260.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Entergy Trading Up 0.6 %

NYSE:ETR traded up $0.65 on Thursday, reaching $111.48. The company’s stock had a trading volume of 1,588,151 shares, compared to its average volume of 1,453,891. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $111.53. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. The stock has a 50 day moving average price of $104.60 and a 200 day moving average price of $101.51.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. Entergy’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.05%. Entergy’s dividend payout ratio is currently 45.34%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ETR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Scotiabank lowered their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets lifted their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. KeyCorp lifted their price objective on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Barclays reduced their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $109.45.

Institutional Investors Weigh In On Entergy

Several institutional investors and hedge funds have recently modified their holdings of ETR. Commonwealth Equity Services LLC grew its stake in Entergy by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock worth $3,537,000 after purchasing an additional 467 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Entergy by 14.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,021 shares of the utilities provider’s stock worth $2,407,000 after acquiring an additional 3,345 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Entergy by 5.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 49,951 shares of the utilities provider’s stock worth $4,620,000 after acquiring an additional 2,588 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Entergy by 6.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,533 shares of the utilities provider’s stock worth $604,000 after acquiring an additional 382 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Entergy by 5.1% during the 3rd quarter. Brown Advisory Inc. now owns 2,353 shares of the utilities provider’s stock worth $218,000 after acquiring an additional 115 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.