Peter S. Norgeot, Jr. Sells 3,250 Shares of Entergy Co. (NYSE:ETR) Stock

Entergy Co. (NYSE:ETR) COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,288,742.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Entergy Stock Down 0.5 %

Entergy stock traded down $0.56 during mid-day trading on Tuesday, reaching $121.61. The company’s stock had a trading volume of 2,306,777 shares, compared to its average volume of 1,539,408. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $123.73. The business’s 50 day simple moving average is $114.88 and its 200 day simple moving average is $109.34. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company earned $1.84 EPS. As a group, research analysts anticipate that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 annualized dividend and a dividend yield of 3.72%. Entergy’s dividend payout ratio is presently 45.34%.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently added to or reduced their stakes in ETR. Tidemark LLC acquired a new position in Entergy during the fourth quarter worth approximately $25,000. Iron Horse Wealth Management LLC bought a new stake in Entergy in the 2nd quarter valued at $25,000. Heritage Wealth Advisors lifted its holdings in Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the last quarter. American National Bank increased its position in Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares during the period. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Entergy during the second quarter worth $32,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. KeyCorp lifted their price target 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. Guggenheim boosted their target price on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their price target on Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Scotiabank boosted their price objective on Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Bank of America raised their target price on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $123.04.

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.