Entergy Co. (NYSE:ETR) CAO Sells $1,003,284.59 in Stock

Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Entergy Trading Up 0.6 %

NYSE:ETR opened at $111.48 on Friday. The stock has a market capitalization of $23.81 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.01 and a beta of 0.69. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $111.53. The stock has a fifty day moving average price of $104.60 and a two-hundred day moving average price of $101.51. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.05%. Entergy’s dividend payout ratio is presently 45.34%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ETR. Barclays dropped their target price on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets increased their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Scotiabank decreased their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Finally, KeyCorp boosted their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus price target of $109.45.

Hedge Funds Weigh In On Entergy

Several hedge funds have recently added to or reduced their stakes in ETR. Vanguard Group Inc. increased its stake in shares of Entergy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock worth $2,408,582,000 after purchasing an additional 104,803 shares in the last quarter. FMR LLC raised its stake in Entergy by 64.4% in the 3rd quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock valued at $422,019,000 after purchasing an additional 1,787,977 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock worth $416,883,000 after purchasing an additional 48,047 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Entergy by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock worth $400,901,000 after buying an additional 796,316 shares in the last quarter. Finally, ClearBridge Investments Ltd grew its holdings in shares of Entergy by 29.3% during the fourth quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock worth $315,254,000 after buying an additional 706,059 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.