Entergy Co. (NYSE:ETR) CAO Sells $177,341.40 in Stock


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Entergy Co. (NYSE:ETR) CAO Kimberly A. Fontan sold 1,620 shares of the stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $109.47, for a total value of $177,341.40.

Shares of NYSE:ETR traded down $0.12 during trading on Tuesday, hitting $109.11. 1,306,195 shares of the stock traded hands, compared to its average volume of 1,457,985. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.82. The company has a fifty day moving average price of $102.62 and a two-hundred day moving average price of $100.42. Entergy Co. has a 52-week low of $85.78 and a 52-week high of $113.36. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 2.93 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, April 27th. The utilities provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.30. Entergy had a net margin of 13.75% and a return on equity of 11.01%. During the same period in the previous year, the business earned $1.14 earnings per share. On average, equities research analysts predict that Entergy Co. will post 5.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Thursday, May 6th will be paid a $0.95 dividend. The ex-dividend date is Wednesday, May 5th. This represents a $3.80 annualized dividend and a dividend yield of 3.48%. Entergy’s dividend payout ratio is presently 70.37%.

Several analysts have weighed in on ETR shares. Vertical Research raised shares of Entergy from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, April 29th. Wells Fargo & Company boosted their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, April 29th. Morgan Stanley raised their price objective on Entergy from $109.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Mizuho lifted their target price on Entergy from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, March 30th. Finally, Evercore ISI upgraded shares of Entergy from an “in-line” rating to an “outperform” rating in a report on Thursday, January 21st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Entergy has a consensus rating of “Buy” and an average target price of $115.73.

Hedge funds have recently modified their holdings of the business. Inspire Advisors LLC acquired a new stake in Entergy in the fourth quarter valued at approximately $32,000. Truvestments Capital LLC purchased a new position in shares of Entergy during the 4th quarter valued at approximately $34,000. Tompkins Financial Corp acquired a new stake in Entergy in the 4th quarter valued at $35,000. Hoover Financial Advisors Inc. purchased a new stake in Entergy in the 4th quarter worth $36,000. Finally, Valley Brook Capital Group purchased a new stake in Entergy in the 4th quarter worth $39,000. Institutional investors own 84.58% of the company’s stock.

About Entergy

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.

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