Haley Fisackerly Sells 4,134 Shares of Entergy Co. (NYSE:ETR) Stock

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 4,134 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now owns 2,016 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Entergy Stock Performance

Shares of NYSE ETR opened at $147.05 on Friday. The stock has a fifty day moving average price of $133.98 and a two-hundred day moving average price of $119.52. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The firm has a market cap of $31.53 billion, a P/E ratio of 17.91, a PEG ratio of 2.49 and a beta of 0.71. Entergy Co. has a 1 year low of $96.15 and a 1 year high of $156.85.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the company posted $3.27 EPS. Research analysts forecast that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.26%. This is a positive change from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ETR. KeyCorp increased their target price on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Argus raised Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. UBS Group boosted their price objective on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. upped their target price on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Finally, Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $138.00 to $154.00 in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.96.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently bought and sold shares of ETR. Fortitude Family Office LLC increased its stake in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. Cetera Trust Company N.A acquired a new stake in Entergy during the third quarter worth about $29,000. Iron Horse Wealth Management LLC acquired a new stake in Entergy during the second quarter valued at approximately $25,000. Coastline Trust Co acquired a new stake in Entergy during the third quarter valued at approximately $31,000. Finally, American National Bank boosted its holdings in Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares in the last quarter. 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.