Insider Selling: Haley Fisackerly Unloads 1,000 Shares of Entergy Stock (ETR)
Entergy (NYSE:ETR) Insider Haley Fisackerly unloaded 1,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $74.72, for a total value of $74,720.00. Following the completion of the sale, the insider now directly owns 4,399 shares of the company’s stock, valued at approximately $328,693. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Entergy (NYSE:ETR) traded up 1.36% during mid-day trading on Wednesday, hitting $75.48. 929,654 shares of the company’s stock traded hands. Entergy has a 52-week low of $60.22 and a 52-week high of $82.48. The stock’s 50-day moving average is $74.85 and its 200-day moving average is $72.2. The company has a market cap of $13.557 billion and a price-to-earnings ratio of 13.63. Entergy also was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 8,052,529 shares, a drop of 35.7% from the July 31st total of 12,513,715 shares. Based on an average trading volume of 1,837,740 shares, the days-to-cover ratio is presently 4.4 days. Currently, 4.5% of the company’s stock are short sold.
Entergy (NYSE:ETR) last announced its earnings results on Tuesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.05. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Entergy will post $6.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Tuesday, August 12th.
ETR has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Entergy from $81.00 to $72.00 in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Entergy in a research note on Friday, July 25th. They now have a $91.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Entergy in a research note on Wednesday, July 23rd. They now have a $80.00 price target on the stock, up previously from $79.00. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $76.40.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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