Insider Selling: Entergy Co. (NYSE:ETR) Insider Sells 1,500 Shares of Stock

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Entergy Price Performance

NYSE:ETR traded down $0.06 during midday trading on Friday, hitting $111.42. 81,612 shares of the stock were exchanged, compared to its average volume of 1,438,307. The business has a 50-day moving average price of $104.60 and a two-hundred day moving average price of $101.51. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $23.79 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.01 and a beta of 0.69. Entergy Co. has a one year low of $87.10 and a one year high of $112.00.

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

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio is currently 45.34%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Entergy

Several large investors have recently made changes to their positions in the company. FMR LLC raised its stake in shares of 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 acquiring an additional 1,787,977 shares in the last quarter. Norges Bank acquired a new stake in shares of Entergy in the fourth quarter worth $127,675,000. Confluence Investment Management LLC bought a new stake in shares of Entergy during the 1st quarter worth $92,257,000. Franklin Resources Inc. grew its stake in Entergy by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock valued at $400,901,000 after buying an additional 796,316 shares during the last quarter. Finally, ClearBridge Investments Ltd raised its holdings in Entergy by 29.3% in the 4th quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock worth $315,254,000 after acquiring an additional 706,059 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

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.