Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $78.07, for a total value of $39,035.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Haley Fisackerly also recently made the following trade(s):
- On Monday, March 5th, Haley Fisackerly sold 500 shares of Entergy stock. The shares were sold at an average price of $78.02, for a total value of $39,010.00.
Shares of NYSE ETR traded up $0.74 during trading hours on Thursday, reaching $79.48. 1,243,898 shares of the stock were exchanged, compared to its average volume of 1,325,853. The firm has a market cap of $13.87 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.70 and a beta of 0.45. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.96. Entergy Co. has a 52 week low of $71.95 and a 52 week high of $87.95.
Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 25th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.14). The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.47 billion. Entergy had a return on equity of 16.19% and a net margin of 4.21%. During the same quarter last year, the business posted $0.99 EPS. analysts forecast that Entergy Co. will post 6.44 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, May 10th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, May 9th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.48%. Entergy’s dividend payout ratio (DPR) is currently 49.44%.
Several analysts have issued reports on ETR shares. Morgan Stanley set a $76.00 price objective on Entergy and gave the company a “hold” rating in a research note on Thursday, March 8th. JPMorgan Chase & Co. upped their price objective on Entergy from $78.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, April 10th. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Wells Fargo & Co restated an “outperform” rating and issued a $90.00 price objective (down previously from $96.00) on shares of Entergy in a research note on Monday, February 26th. They noted that the move was a valuation call. Finally, UBS started coverage on Entergy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $82.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Entergy presently has a consensus rating of “Buy” and an average target price of $85.77.
Several hedge funds and other institutional investors have recently made changes to their positions in ETR. Schwab Charles Investment Management Inc. increased its stake in shares of Entergy by 1.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 701,662 shares of the utilities provider’s stock worth $57,109,000 after purchasing an additional 11,126 shares during the period. Acadian Asset Management LLC grew its position in Entergy by 190.5% during the fourth quarter. Acadian Asset Management LLC now owns 30,030 shares of the utilities provider’s stock worth $2,444,000 after buying an additional 19,693 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Entergy by 11.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,711 shares of the utilities provider’s stock worth $871,000 after buying an additional 1,109 shares in the last quarter. UMB Bank N A MO acquired a new stake in Entergy during the fourth quarter worth approximately $207,000. Finally, Segment Wealth Management LLC acquired a new stake in Entergy during the fourth quarter worth approximately $201,000. Institutional investors own 85.67% of the company’s stock.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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