Entergy Corporation (NYSE:ETR) COO Paul D. Hinnenkamp sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $86.22, for a total value of $344,880.00. Following the transaction, the chief operating officer now owns 16,925 shares in the company, valued at approximately $1,459,273.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Entergy Corporation (NYSE:ETR) opened at $87.42 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The firm has a market capitalization of $15,616.98, a P/E ratio of 12.82, a P/E/G ratio of 1.80 and a beta of 0.57. Entergy Corporation has a 52 week low of $67.40 and a 52 week high of $87.85.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter in the prior year, the business posted $2.31 EPS. analysts forecast that Entergy Corporation will post 6.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This is a boost from Entergy Corporation’s previous quarterly dividend of $0.87. This represents a $3.56 annualized dividend and a yield of 4.07%. Entergy Corporation’s dividend payout ratio is -72.06%.
A number of research analysts have weighed in on ETR shares. Mizuho reiterated a “hold” rating and set a $83.00 target price on shares of Entergy Corporation in a report on Friday, October 27th. Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Friday, October 13th. BMO Capital Markets reiterated a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a report on Friday, August 4th. J P Morgan Chase & Co upped their target price on Entergy Corporation from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.42.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Entergy Corporation by 1.0% in the 2nd quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after acquiring an additional 154,117 shares in the last quarter. AJO LP lifted its position in Entergy Corporation by 16.0% in the 2nd quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock valued at $270,119,000 after acquiring an additional 485,602 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Entergy Corporation by 1.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock valued at $251,343,000 after acquiring an additional 35,312 shares in the last quarter. Franklin Resources Inc. lifted its position in Entergy Corporation by 43.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after acquiring an additional 576,426 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Entergy Corporation by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,165,237 shares of the utilities provider’s stock valued at $88,976,000 after acquiring an additional 31,458 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.
Entergy Corporation Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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