Marcus V. Brown Sells 16,000 Shares of Entergy Co. (NYSE:ETR) Stock


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Entergy Co. (NYSE:ETR) EVP Marcus V. Brown sold 16,000 shares of the business’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $110.04, for a total transaction of $1,760,640.00.

Shares of NYSE:ETR traded down $0.12 during midday trading on Tuesday, reaching $109.11. 1,306,195 shares of the company were exchanged, compared to its average volume of 1,457,985. The stock has a market cap of $21.94 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50. The business’s fifty day moving average is $102.62 and its two-hundred day moving average is $100.42. Entergy Co. has a one year low of $85.78 and a one year high of $113.36. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.82.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, April 27th. The utilities provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.17 by $0.30. Entergy had a net margin of 13.75% and a return on equity of 11.01%. During the same period in the previous year, the company posted $1.14 EPS. As a group, sell-side analysts expect that Entergy Co. will post 5.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Thursday, May 6th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, May 5th. Entergy’s dividend payout ratio is presently 70.37%.

A number of research analysts have weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of Entergy in a report on Monday, March 15th. Vertical Research raised shares of Entergy from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, April 29th. Evercore ISI raised shares of Entergy from an “in-line” rating to an “outperform” rating in a research report on Thursday, January 21st. Wells Fargo & Company raised their target price on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, April 29th. Finally, Mizuho upped their price target on Entergy from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, March 30th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $115.73.

A number of large investors have recently added to or reduced their stakes in ETR. Nissay Asset Management Corp Japan ADV boosted its position in shares of Entergy by 0.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 21,734 shares of the utilities provider’s stock valued at $2,170,000 after acquiring an additional 113 shares during the last quarter. Horrell Capital Management Inc. lifted its position in Entergy by 0.4% during the fourth quarter. Horrell Capital Management Inc. now owns 31,699 shares of the utilities provider’s stock valued at $3,165,000 after purchasing an additional 117 shares during the last quarter. Eaton Vance Management grew its stake in shares of Entergy by 2.3% in the 4th quarter. Eaton Vance Management now owns 6,158 shares of the utilities provider’s stock worth $615,000 after buying an additional 136 shares in the last quarter. IFG Advisory LLC increased its holdings in shares of Entergy by 5.1% in the 1st quarter. IFG Advisory LLC now owns 2,963 shares of the utilities provider’s stock worth $294,000 after buying an additional 145 shares during the last quarter. Finally, CWM LLC raised its position in shares of Entergy by 14.2% during the 1st quarter. CWM LLC now owns 1,164 shares of the utilities provider’s stock valued at $116,000 after buying an additional 145 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Entergy Company Profile

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.

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