Insider Selling: Entergy Co. (NYSE:ETR) CAO Sells 9,229 Shares of Stock

Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The transaction was disclosed in a filing with the SEC, which is available at this link.

Entergy Price Performance

Shares of NYSE ETR opened at $110.83 on Thursday. The stock’s 50-day simple moving average is $104.40 and its 200-day simple moving average is $101.44. The firm has a market capitalization of $23.67 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $110.91. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the business posted $1.14 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is 45.34%.

Institutional Trading of Entergy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quent Capital LLC grew its stake in Entergy by 21.7% during the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after buying an additional 98 shares during the last quarter. Wealth Alliance grew its position in shares of Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after acquiring an additional 101 shares during the last quarter. Marino Stram & Associates LLC increased its holdings in shares of Entergy by 1.7% in the 1st quarter. Marino Stram & Associates LLC now owns 5,879 shares of the utilities provider’s stock valued at $621,000 after acquiring an additional 101 shares during the period. Prossimo Advisors LLC raised its position in Entergy by 2.5% in the 4th quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock valued at $457,000 after purchasing an additional 110 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in Entergy by 40.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ETR shares. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. KeyCorp raised their price target on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. BMO Capital Markets upped their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Barclays decreased their target price on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Finally, Scotiabank reduced their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.45.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.