Entergy Corporation (NYSE:ETR) was the target of unusually large options trading activity on Monday. Stock traders bought 792 put options on the stock. This represents an increase of 800% compared to the typical daily volume of 88 put options.
In related news, COO Paul D. Hinnenkamp sold 2,300 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total value of $193,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $86.24, for a total transaction of $796,340.16. The disclosure for this sale can be found here. Insiders sold a total of 57,812 shares of company stock worth $4,907,522 over the last quarter. Insiders own 0.24% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hudock Capital Group LLC increased its position in Entergy Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 20 shares in the last quarter. Advisor Partners LLC increased its position in Entergy Corporation by 0.5% during the 2nd quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 24 shares in the last quarter. Univest Corp of Pennsylvania increased its position in Entergy Corporation by 0.6% during the 2nd quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 25 shares in the last quarter. Regal Investment Advisors LLC increased its position in Entergy Corporation by 0.4% during the 2nd quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 27 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in Entergy Corporation by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares in the last quarter. 82.95% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on ETR. TheStreet raised shares of Entergy Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Mizuho reissued a “hold” rating and issued a $83.00 target price on shares of Entergy Corporation in a research note on Friday, October 27th. Wells Fargo & Company reissued an “outperform” rating and issued a $96.00 target price (up previously from $90.00) on shares of Entergy Corporation in a research note on Wednesday, October 25th. Bank of America Corporation began coverage on shares of Entergy Corporation in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 target price for the company. Finally, Jefferies Group LLC raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Entergy Corporation currently has a consensus rating of “Hold” and a consensus target price of $82.42.
Entergy Corporation (ETR) opened at $85.51 on Thursday. Entergy Corporation has a one year low of $67.79 and a one year high of $87.95. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. The company has a market cap of $15,360.00, a PE ratio of 12.67, a PEG ratio of 1.77 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a negative net margin of 7.82% and a positive return on equity of 14.76%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company posted $2.31 EPS. sell-side analysts forecast that Entergy Corporation will post 6.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.16%. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s dividend payout ratio is currently -72.06%.
About Entergy Corporation
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.
Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.