Insider Selling: Entergy Co. (ETR) Chairman Sells 42,477 Shares of Stock

Entergy Co. (NYSE:ETR) Chairman Leo P. Denault sold 42,477 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $86.47, for a total value of $3,672,986.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:ETR opened at $88.98 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $15.77 billion, a P/E ratio of 12.36, a PEG ratio of 1.80 and a beta of 0.42. Entergy Co. has a 12 month low of $71.95 and a 12 month high of $89.39.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, October 31st. The utilities provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.94. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.85 billion. Entergy had a return on equity of 16.94% and a net margin of 4.01%. During the same period in the previous year, the business earned $2.35 earnings per share. On average, equities research analysts anticipate that Entergy Co. will post 6.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Thursday, November 8th were given a $0.91 dividend. This is an increase from Entergy’s previous quarterly dividend of $0.89. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Wednesday, November 7th. Entergy’s payout ratio is currently 50.56%.

Large investors have recently bought and sold shares of the stock. Braun Bostich & Associates Inc. lifted its position in shares of Entergy by 1,320.4% in the second quarter. Braun Bostich & Associates Inc. now owns 1,392 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,294 shares in the last quarter. Advisors Preferred LLC raised its position in Entergy by 200.8% during the second quarter. Advisors Preferred LLC now owns 2,178 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 1,454 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Entergy by 65.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 869 shares during the period. ELM Advisors LLC purchased a new stake in Entergy during the third quarter valued at approximately $178,000. Finally, HighPoint Advisor Group LLC purchased a new stake in Entergy during the second quarter valued at approximately $211,000. Institutional investors own 91.31% of the company’s stock.

A number of research firms have recently weighed in on ETR. Wells Fargo & Co upped their price objective on Entergy from $91.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Bank of America upped their price objective on Entergy from $91.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, November 1st. Citigroup upped their price objective on Entergy from $88.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research reaffirmed a “strong-buy” rating and issued a $97.00 price objective on shares of Entergy in a research note on Tuesday, November 13th. Finally, JPMorgan Chase & Co. upped their price objective on Entergy from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 29th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Entergy currently has an average rating of “Buy” and an average price target of $89.63.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/12/06/insider-selling-entergy-co-etr-chairman-sells-42477-shares-of-stock.html.

About Entergy

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.

Read More: Using the New Google Finance Tool

Insider Buying and Selling by Quarter for Entergy (NYSE:ETR)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply