Insider Selling: Entergy Co. (ETR) Director Sells 195 Shares of Stock

Entergy Co. (NYSE:ETR) Director Alexis M. Herman sold 195 shares of Entergy stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $96.90, for a total value of $18,895.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Alexis M. Herman also recently made the following trade(s):

  • On Friday, February 22nd, Alexis M. Herman sold 209 shares of Entergy stock. The stock was sold at an average price of $92.53, for a total value of $19,338.77.

ETR stock opened at $96.21 on Tuesday. The company has a market capitalization of $18.32 billion, a price-to-earnings ratio of 13.84 and a beta of 0.40. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.70 and a quick ratio of 0.52. Entergy Co. has a one year low of $75.45 and a one year high of $97.41.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.12). The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Entergy had a return on equity of 15.17% and a net margin of 9.04%. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, sell-side analysts expect that Entergy Co. will post 5.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $3.64 annualized dividend and a yield of 3.78%. Entergy’s payout ratio is currently 49.79%.

A number of hedge funds have recently added to or reduced their stakes in ETR. Bank of The West grew its stake in shares of Entergy by 4.0% during the 1st quarter. Bank of The West now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after buying an additional 108 shares during the period. Victory Capital Management Inc. grew its stake in shares of Entergy by 4.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after buying an additional 110 shares during the period. CWM Advisors LLC grew its stake in shares of Entergy by 1.9% during the 4th quarter. CWM Advisors LLC now owns 6,479 shares of the utilities provider’s stock valued at $558,000 after buying an additional 123 shares during the period. Bessemer Group Inc. grew its stake in shares of Entergy by 2.1% during the 4th quarter. Bessemer Group Inc. now owns 6,323 shares of the utilities provider’s stock valued at $543,000 after buying an additional 128 shares during the period. Finally, Horrell Capital Management Inc. grew its stake in shares of Entergy by 0.4% during the 1st quarter. Horrell Capital Management Inc. now owns 31,197 shares of the utilities provider’s stock valued at $2,983,000 after buying an additional 138 shares during the period. 90.50% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on ETR. Macquarie set a $100.00 price objective on Entergy and gave the stock a “buy” rating in a research report on Thursday, May 2nd. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley upgraded Entergy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Co lifted their target price on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, February 21st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Entergy currently has a consensus rating of “Buy” and a consensus price target of $92.33.

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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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