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.
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.
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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