Entergy (NYSE:ETR) Insider Haley Fisackerly Sells 5,136 Shares

Entergy Corporation (NYSE:ETR) insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the completion of the transaction, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Entergy Stock Performance

Shares of ETR stock opened at $96.28 on Thursday. The company has a market cap of $43.00 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. Entergy Corporation has a 52 week low of $72.17 and a 52 week high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $92.73 and a 200-day moving average of $87.48.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The company had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s payout ratio is 63.21%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $104.00 price target (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. KeyCorp reissued an “overweight” rating and issued a $106.00 price target (up previously from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Morgan Stanley set a $93.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price objective on Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.37.

Hedge Funds Weigh In On Entergy

Several large investors have recently bought and sold shares of ETR. Mattson Financial Services LLC raised its stake in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the period. Atwood & Palmer Inc. raised its stake in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy during the 1st quarter worth $28,000. Capital A Wealth Management LLC raised its stake in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the period. Finally, GoalVest Advisory LLC raised its stake in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 344 shares during the period. 88.07% of the stock is currently owned by institutional investors.

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.