Entergy Co. (ETR) Insider Sells 600 Shares
Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 600 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $75.92, for a total value of $45,552.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Entergy Co. (NYSE:ETR) traded down 0.87% during trading on Tuesday, hitting $75.14. The stock had a trading volume of 707,428 shares. The firm’s 50-day moving average is $76.26 and its 200-day moving average is $73.12. The firm’s market cap is $13.48 billion. Entergy Co. has a one year low of $66.71 and a one year high of $82.08.
Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 26th. The utilities provider reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.07. Entergy had a return on equity of 15.70% and a net margin of 12.20%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm earned $1.35 EPS. Equities research analysts forecast that Entergy Co. will post $4.86 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $3.48 annualized dividend and a yield of 4.63%. Entergy’s payout ratio is 48.60%.
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ETR has been the subject of several research reports. Zacks Investment Research raised Entergy from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Wednesday, February 8th. TheStreet downgraded Entergy from a “b” rating to a “c” rating in a report on Wednesday, February 15th. Royal Bank of Canada reissued a “hold” rating and issued a $78.00 target price on shares of Entergy in a report on Friday, February 24th. Wells Fargo & Co raised Entergy from a “market perform” rating to an “outperform” rating in a report on Thursday, March 16th. Finally, Goldman Sachs Group Inc downgraded Entergy from a “buy” rating to a “neutral” rating and set a $76.00 target price for the company. in a report on Thursday, March 23rd. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $77.42.
Large investors have recently made changes to their positions in the company. Ledyard National Bank purchased a new stake in shares of Entergy during the first quarter valued at approximately $123,000. WFG Advisors LP boosted its stake in shares of Entergy by 674.6% in the fourth quarter. WFG Advisors LP now owns 1,526 shares of the utilities provider’s stock valued at $134,000 after buying an additional 1,329 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Entergy during the first quarter valued at approximately $174,000. Parallel Advisors LLC boosted its stake in shares of Entergy by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,770 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of Entergy during the fourth quarter valued at approximately $203,000. 85.60% of the stock is currently owned by hedge funds and other institutional investors.
Entergy Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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