Deanna D. Rodriguez Sells 6,088 Shares of Entergy Corporation (NYSE:ETR) Stock

Entergy Corporation (NYSE:ETR) insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Entergy Trading Up 0.1 %

Entergy stock opened at $74.84 on Wednesday. Entergy Corporation has a 12 month low of $48.08 and a 12 month high of $79.04. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The stock has a market cap of $32.09 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.47 and a beta of 0.71. The company’s fifty day simple moving average is $72.50 and its 200-day simple moving average is $63.27.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the business earned $1.64 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 7.22 EPS for the current fiscal year.

Entergy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.21%. The ex-dividend date was Wednesday, November 13th. Entergy’s dividend payout ratio is 58.39%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in shares of Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after buying an additional 128,667 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Entergy by 12.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after acquiring an additional 763,834 shares in the last quarter. FMR LLC raised its stake in shares of Entergy by 5.0% in the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock valued at $870,422,000 after acquiring an additional 315,750 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Entergy by 47.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after purchasing an additional 2,075,776 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BMO Capital Markets cut their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Scotiabank raised their price objective on Entergy from $72.00 to $82.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Argus raised Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price objective on Entergy from $68.50 to $70.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $77.40.

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.