Insider Selling: Entergy (NYSE:ETR) Insider Sells 10,638 Shares of Stock

Entergy Corporation (NYSE:ETR) insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, 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 through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Entergy Price Performance

Shares of ETR traded up $1.59 during mid-day trading on Friday, reaching $110.87. The company had a trading volume of 5,033,592 shares, compared to its average volume of 3,146,452. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The company’s 50-day moving average is $112.31 and its 200-day moving average is $102.81. The company has a market capitalization of $50.77 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.85 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

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

Hedge Funds Weigh In On Entergy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Wealth Strategies LLC bought a new position in Entergy during the first quarter worth about $30,000. Fairway Wealth LLC bought a new stake in shares of Entergy in the first quarter valued at approximately $30,000. United Community Bank boosted its stake in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares during the period. Washington Trust Advisors Inc. raised its position in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Finally, Union Savings Bank acquired a new position in Entergy during the fourth quarter valued at approximately $28,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Barclays reduced their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday. Truist Financial set a $127.00 target price on Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $131.00 price target (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price 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.