Insider Selling: Entergy Co. (NYSE:ETR) Insider Sells 5,166 Shares of Stock

Entergy Co. (NYSE:ETR) insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the transaction, the insider now owns 5,117 shares of the company’s stock, valued at approximately $614,040. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Entergy Trading Up 0.3 %

NYSE:ETR opened at $122.53 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $26.16 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The firm’s 50 day moving average is $113.94 and its 200 day moving average is $108.83. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $123.73.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. Sell-side analysts expect that Entergy Co. will post 7.2 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were issued a dividend of $1.13 per share. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.69%. Entergy’s payout ratio is 45.34%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ETR shares. Guggenheim lifted their price target on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Mizuho lifted their target price on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. BMO Capital Markets lifted their target price on shares of Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Morgan Stanley lifted their target price on shares of Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a research report on Friday, August 23rd. Finally, KeyCorp lifted their target price on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.04.

Institutional Investors Weigh In On Entergy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL bought a new stake in Entergy during the 2nd quarter valued at $42,000. Clearbridge Investments LLC grew its position in shares of Entergy by 15.5% during the 2nd quarter. Clearbridge Investments LLC now owns 3,181 shares of the utilities provider’s stock valued at $340,000 after purchasing an additional 427 shares in the last quarter. Truist Financial Corp grew its position in shares of Entergy by 42.0% during the 2nd quarter. Truist Financial Corp now owns 906,795 shares of the utilities provider’s stock valued at $97,027,000 after purchasing an additional 268,004 shares in the last quarter. Brandes Investment Partners LP purchased a new position in shares of Entergy during the 2nd quarter valued at $32,017,000. Finally, Regal Investment Advisors LLC grew its position in shares of Entergy by 3.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 10,012 shares of the utilities provider’s stock valued at $1,071,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

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.