Traders Buy Shares of Entergy (ETR) on Weakness

Traders purchased shares of Entergy Co. (NYSE:ETR) on weakness during trading on Monday. $70.70 million flowed into the stock on the tick-up and $23.24 million flowed out of the stock on the tick-down, for a money net flow of $47.46 million into the stock. Of all equities tracked, Entergy had the 26th highest net in-flow for the day. Entergy traded down ($1.15) for the day and closed at $84.37

ETR has been the subject of several research analyst reports. TheStreet upgraded shares of Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Mizuho upgraded shares of Entergy from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Jefferies Group upgraded shares of Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Citigroup upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, October 13th. Finally, BidaskClub upgraded shares of Entergy from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Entergy currently has a consensus rating of “Hold” and a consensus price target of $82.42.

The firm has a market capitalization of $15,207.81, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.74 and a beta of 0.55. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same period in the prior year, the business posted $2.31 earnings per share. equities analysts anticipate that Entergy Co. will post 6.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 9th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.28%. This is an increase from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 8th. Entergy’s dividend payout ratio is presently -72.06%.

In related news, insider Haley Fisackerly sold 3,934 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $82.49, for a total value of $324,515.66. Following the completion of the sale, the insider now directly owns 4,367 shares in the company, valued at $360,233.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The disclosure for this sale can be found here. Insiders sold 57,812 shares of company stock valued at $4,907,522 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. Franklin Resources Inc. grew its holdings in Entergy by 43.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock worth $144,991,000 after acquiring an additional 576,426 shares during the period. AJO LP grew its holdings in Entergy by 16.0% during the 2nd quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after acquiring an additional 485,602 shares during the period. Principal Financial Group Inc. grew its holdings in Entergy by 99.4% during the 2nd quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock worth $69,296,000 after acquiring an additional 449,986 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Entergy by 71.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 973,379 shares of the utilities provider’s stock worth $74,726,000 after acquiring an additional 404,399 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Entergy by 283.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 326,226 shares of the utilities provider’s stock worth $25,015,000 after acquiring an additional 241,100 shares during the period. Institutional investors and hedge funds own 82.95% of the company’s stock.

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About Entergy

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

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