Entergy Co. (NYSE:ETR) Insider Sells $29,400.00 in Stock

Entergy Co. (NYSE:ETR) insider Eliecer Viamontes sold 200 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the completion of the transaction, the insider now directly owns 4,173 shares in the company, valued at $613,431. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eliecer Viamontes also recently made the following trade(s):

• On Friday, August 30th, Eliecer Viamontes sold 5,166 shares of Entergy stock. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00.

Entergy Trading Down 0.1 %

Shares of NYSE:ETR traded down $0.10 during midday trading on Thursday, reaching $145.96. 1,375,152 shares of the company’s stock were exchanged, compared to its average volume of 1,605,952. Entergy Co. has a fifty-two week low of $94.85 and a fifty-two week high of $156.85. The stock has a market cap of $31.30 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 2.69 and a beta of 0.71. The firm’s 50 day simple moving average is $131.25 and its two-hundred day simple moving average is $118.08. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the previous year, the firm posted $3.27 earnings per share. As a group, sell-side analysts forecast that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a yield of 3.29%. Entergy’s dividend payout ratio (DPR) is 55.05%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ETR. UBS Group upped their price objective on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. JPMorgan Chase & Co. increased their price target on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Scotiabank lifted their price target on shares of Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $116.00 to $150.00 in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

Institutional Investors Weigh In On Entergy

Several large investors have recently bought and sold shares of ETR. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after buying an additional 763,834 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Entergy by 47.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares during the period. Capital International Investors raised its holdings in shares of Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares during the last quarter. ClearBridge Investments Ltd raised its stake in Entergy by 0.6% during the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after acquiring an additional 20,025 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Entergy by 22.5% during the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after purchasing an additional 505,705 shares during the period. Hedge funds and other 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.