Insider Selling: Entergy Co. (NYSE:ETR) Chairman Sells $2,663,210.00 in Stock

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Entergy Co. (NYSE:ETR) Chairman Leo P. Denault sold 24,211 shares of the 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 $2,663,210.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Entergy stock opened at $111.31 on Friday. The company has a market cap of $21.83 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.98 and a beta of 0.34. Entergy Co. has a 52 week low of $78.99 and a 52 week high of $111.78. The business has a 50 day moving average price of $106.12 and a 200-day moving average price of $98.42. The company has a quick ratio of 0.52, a current ratio of 0.73 and a debt-to-equity ratio of 1.76.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.03). The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a return on equity of 13.75% and a net margin of 8.97%. During the same period last year, the company earned $1.42 earnings per share. As a group, research analysts anticipate that Entergy Co. will post 5.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 8th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, August 7th. Entergy’s payout ratio is 49.79%.

Several brokerages have recently commented on ETR. UBS Group set a $115.00 price objective on Entergy and gave the stock a “buy” rating in a research note on Monday, July 15th. Morgan Stanley increased their price objective on Entergy from $111.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Investment Research downgraded Entergy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Macquarie set a $100.00 price objective on Entergy and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, ValuEngine raised Entergy from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.78.

Several institutional investors and hedge funds have recently modified their holdings of ETR. Geode Capital Management LLC increased its position in shares of Entergy by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 2,475,894 shares of the utilities provider’s stock valued at $212,751,000 after acquiring an additional 168,371 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Entergy by 6.4% during the first quarter. Nisa Investment Advisors LLC now owns 41,445 shares of the utilities provider’s stock valued at $3,963,000 after acquiring an additional 2,500 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Entergy by 11.6% during the first quarter. IFM Investors Pty Ltd now owns 12,022 shares of the utilities provider’s stock valued at $1,150,000 after acquiring an additional 1,251 shares during the last quarter. Pennsylvania Trust Co purchased a new stake in shares of Entergy during the first quarter valued at approximately $568,000. Finally, Eqis Capital Management Inc. increased its position in shares of Entergy by 4.7% during the first quarter. Eqis Capital Management Inc. now owns 3,956 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 176 shares during the last quarter. 83.49% of the stock is owned by institutional investors.

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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Insider Buying and Selling by Quarter for Entergy (NYSE:ETR)

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