Insider Selling: Entergy (NYSE:ETR) Insider Sells $1,170,180.00 in Stock

Entergy Corporation (NYSE:ETR) insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Entergy Stock Up 0.1%

Shares of NYSE ETR opened at $110.87 on Monday. The stock has a market cap of $50.77 billion, a P/E ratio of 28.28, a PEG ratio of 1.89 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The business’s fifty day simple moving average is $112.48 and its 200-day simple moving average is $102.92.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a $0.64 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

Hedge Funds Weigh In On Entergy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in shares of Entergy by 66.0% during the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Entergy in the 3rd quarter valued at $108,005,000. Aurora Investment Counsel acquired a new position in Entergy in the 3rd quarter valued at $3,120,000. Reaves W H & Co. Inc. grew its stake in shares of Entergy by 15.7% during the 3rd quarter. Reaves W H & Co. Inc. now owns 2,288,367 shares of the utilities provider’s stock valued at $213,253,000 after buying an additional 310,589 shares during the period. Finally, Tounjian Advisory Partners LLC purchased a new stake in shares of Entergy during the 4th quarter valued at $1,473,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp reiterated an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. BMO Capital Markets lifted their target price on Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Scotiabank reiterated an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Argus lifted their target price on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.58.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.