Entergy Co. (NYSE:ETR) COO Peter S. Norgeot, Jr. Sells 11,472 Shares

Entergy Co. (NYSE:ETR) COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Entergy Trading Up 0.3 %

NYSE ETR opened at $117.53 on Monday. The stock has a market cap of $25.10 billion, a P/E ratio of 11.79, a PEG ratio of 2.29 and a beta of 0.71. The company’s fifty day simple moving average is $109.88 and its 200-day simple moving average is $106.39. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 1.81. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $123.61.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the previous year, the business posted $1.84 EPS. Equities research analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.85%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research note on Monday, June 24th. Guggenheim boosted their price target on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their price target on Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. KeyCorp lifted their price objective on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Barclays dropped their target price on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $118.19.

Hedge Funds Weigh In On Entergy

Institutional investors have recently made changes to their positions in the business. Capital International Investors increased its stake in shares of Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after buying an additional 1,630,057 shares during the last quarter. Norges Bank bought a new stake in shares of Entergy in the 4th quarter worth about $127,675,000. Confluence Investment Management LLC acquired a new stake in shares of Entergy in the 1st quarter valued at about $92,257,000. Franklin Resources Inc. lifted its position in shares of Entergy by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock worth $400,901,000 after purchasing an additional 796,316 shares during the last quarter. Finally, ClearBridge Investments Ltd grew its stake in Entergy by 29.3% in the fourth quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock worth $315,254,000 after purchasing an additional 706,059 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

About Entergy

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.