Entergy Co. (NYSE:ETR) EVP Marcus V. Brown sold 14,291 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $98.00, for a total value of $1,400,518.00. Following the completion of the sale, the executive vice president now owns 39,477 shares of the company’s stock, valued at approximately $3,868,746. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Marcus V. Brown also recently made the following trade(s):
- On Thursday, March 14th, Marcus V. Brown sold 31,300 shares of Entergy stock. The shares were sold at an average price of $94.92, for a total value of $2,970,996.00.
Shares of NYSE ETR traded down $0.27 during mid-day trading on Tuesday, reaching $97.68. The company had a trading volume of 1,289,867 shares, compared to its average volume of 1,449,037. Entergy Co. has a twelve month low of $75.83 and a twelve month high of $98.56. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $18.56 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.65 and a beta of 0.40.
Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.12). Entergy had a return on equity of 15.17% and a net margin of 9.04%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the company posted $0.83 earnings per share. As a group, analysts predict that Entergy Co. will post 5.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, May 8th. Entergy’s dividend payout ratio (DPR) is presently 49.79%.
A number of analysts have recently issued reports on the company. Morgan Stanley upgraded Entergy from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 18th. Macquarie set a $100.00 target price on Entergy and gave the company a “buy” rating in a report on Thursday, May 2nd. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Entergy from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $91.00 target price on shares of Entergy in a report on Wednesday, January 23rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $93.50.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of The West increased its position in Entergy by 4.0% during the first quarter. Bank of The West now owns 2,777 shares of the utilities provider’s stock worth $266,000 after buying an additional 108 shares during the last quarter. Victory Capital Management Inc. increased its position in Entergy by 4.1% during the first quarter. Victory Capital Management Inc. now owns 2,777 shares of the utilities provider’s stock worth $266,000 after buying an additional 110 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Entergy by 0.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,609 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 120 shares during the last quarter. CWM Advisors LLC increased its position in Entergy by 1.9% during the fourth quarter. CWM Advisors LLC now owns 6,479 shares of the utilities provider’s stock worth $558,000 after buying an additional 123 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Entergy by 2.1% during the fourth quarter. Bessemer Group Inc. now owns 6,323 shares of the utilities provider’s stock worth $543,000 after buying an additional 128 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.
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Entergy Company Profile
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.
See Also: Intrinsic Value
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