Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson Sells 9,229 Shares

Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Entergy Trading Up 1.4 %

NYSE:ETR opened at $110.58 on Wednesday. Entergy Co. has a one year low of $87.10 and a one year high of $110.72. The company’s 50-day simple moving average is $104.40 and its 200 day simple moving average is $101.44. The firm has a market capitalization of $23.61 billion, a P/E ratio of 11.09, a PEG ratio of 2.01 and a beta of 0.69. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.09%. Entergy’s dividend payout ratio is currently 45.34%.

Institutional Trading of Entergy

Hedge funds have recently made changes to their positions in the stock. Tidemark LLC bought a new stake in shares of Entergy in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Entergy by 157.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 165 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in Entergy in the 3rd quarter worth approximately $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Entergy in the 3rd quarter worth approximately $32,000. Finally, OLD Point Trust & Financial Services N A purchased a new position in Entergy in the 4th quarter worth approximately $35,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ETR. KeyCorp upped their price target on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. BMO Capital Markets increased their target price on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Scotiabank reduced their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. Finally, Barclays cut their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.45.

About Entergy

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.