Entergy Co. (NYSE:ETR) EVP Marcus V. Brown sold 21,445 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $110.00, for a total value of $2,358,950.00. Following the transaction, the executive vice president now owns 38,411 shares of the company’s stock, valued at $4,225,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
ETR opened at $111.31 on Friday. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.98 and a beta of 0.34. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.73 and a quick ratio of 0.52. Entergy Co. has a 1-year low of $78.99 and a 1-year high of $111.78. The business has a 50 day moving average price of $106.12 and a two-hundred day moving average price of $98.42.
Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.03). The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a return on equity of 13.75% and a net margin of 8.97%. During the same quarter last year, the company earned $1.42 earnings per share. Equities analysts expect that Entergy Co. will post 5.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 8th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $3.64 dividend on an annualized basis and a yield of 3.27%. Entergy’s dividend payout ratio (DPR) is 49.79%.
Several equities analysts have recently issued reports on the company. UBS Group set a $115.00 price objective on Entergy and gave the stock a “buy” rating in a research report on Monday, July 15th. Zacks Investment Research downgraded Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley boosted their price objective on Entergy from $111.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Macquarie set a $100.00 price objective on Entergy and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Entergy currently has an average rating of “Buy” and a consensus price target of $99.78.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETR. Geode Capital Management LLC lifted its position in Entergy by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 2,475,894 shares of the utilities provider’s stock worth $212,751,000 after purchasing an additional 168,371 shares during the period. Nisa Investment Advisors LLC lifted its position in Entergy by 6.4% in the first quarter. Nisa Investment Advisors LLC now owns 41,445 shares of the utilities provider’s stock worth $3,963,000 after purchasing an additional 2,500 shares during the period. IFM Investors Pty Ltd lifted its position in Entergy by 11.6% in the first quarter. IFM Investors Pty Ltd now owns 12,022 shares of the utilities provider’s stock worth $1,150,000 after purchasing an additional 1,251 shares during the period. Pennsylvania Trust Co acquired a new stake in Entergy in the first quarter worth approximately $568,000. Finally, Eqis Capital Management Inc. lifted its position in Entergy by 4.7% in the first quarter. Eqis Capital Management Inc. now owns 3,956 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 83.49% of the company’s stock.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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