Entergy (NYSE:ETR) Insider Haley Fisackerly Sells 10,638 Shares

Entergy Corporation (NYSE:ETR) insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Entergy Stock Up 1.5%

Shares of ETR traded up $1.59 during trading hours on Friday, hitting $110.87. 5,033,592 shares of the company were exchanged, compared to its average volume of 3,146,452. The company has a market cap of $50.77 billion, a PE ratio of 28.28, a PEG ratio of 1.85 and a beta of 0.50. The firm’s 50 day moving average is $112.31 and its 200-day moving average is $102.81. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s dividend payout ratio is presently 65.31%.

Hedge Funds Weigh In On Entergy

Several large investors have recently added to or reduced their stakes in ETR. JPMorgan Chase & Co. raised its holdings in Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares in the last quarter. Norges Bank acquired a new position in Entergy in the 4th quarter valued at approximately $528,313,000. Morgan Stanley raised its holdings in Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after acquiring an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Entergy by 89.6% in the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after acquiring an additional 1,826,782 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in shares of Entergy in the 4th quarter worth approximately $153,616,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ETR. Wells Fargo & Company increased their target price on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Truist Financial set a $127.00 target price on Entergy and gave the company a “buy” rating in a research note on Friday, May 29th. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Jefferies Financial Group restated a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a research note on Monday, April 20th. Finally, Argus increased their target price on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.58.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.