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.
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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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