Entergy Sees Unusually High Options Volume (ETR)

Entergy Co. (NYSE:ETR) was the recipient of some unusual options trading activity on Tuesday. Traders bought 1,108 put options on the company. This is an increase of 1,844% compared to the average volume of 57 put options.

A number of research analysts recently commented on the stock. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, December 12th. TheStreet downgraded shares of Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Morgan Stanley raised their price objective on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Wells Fargo & Co reissued an “outperform” rating and set a $96.00 price objective (up from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Finally, Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $84.54.

In related news, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 4,800 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $87.00, for a total transaction of $417,600.00. Following the completion of the transaction, the insider now directly owns 5,276 shares in the company, valued at $459,012. The disclosure for this sale can be found here. Insiders sold a total of 29,768 shares of company stock worth $2,570,188 over the last ninety days. Insiders own 0.24% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in shares of Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after acquiring an additional 49 shares during the period. Krilogy Financial LLC lifted its stake in shares of Entergy by 1,116.0% in the 3rd quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock worth $186,000 after acquiring an additional 2,232 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Entergy in the 2nd quarter worth $204,000. Buckingham Asset Management LLC acquired a new stake in shares of Entergy in the 3rd quarter worth $212,000. Finally, Caxton Associates LP acquired a new stake in shares of Entergy in the 3rd quarter worth $252,000. Institutional investors own 82.78% of the company’s stock.

Entergy (NYSE:ETR) opened at $77.79 on Friday. Entergy has a 52-week low of $69.63 and a 52-week high of $87.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The stock has a market cap of $13,970.00, a price-to-earnings ratio of -15.75, a price-to-earnings-growth ratio of 2.23 and a beta of 0.55.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business earned $2.31 EPS. equities analysts anticipate that Entergy will post 6.88 earnings per share for the current fiscal year.

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About Entergy

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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