Deanna D. Rodriguez Sells 6,088 Shares of Entergy Corporation (NYSE:ETR) Stock

Entergy Corporation (NYSE:ETR) insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Entergy Trading Up 0.7 %

Shares of ETR stock opened at $74.79 on Tuesday. The company has a market capitalization of $32.07 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.47 and a beta of 0.71. Entergy Corporation has a 12-month low of $48.08 and a 12-month high of $79.04. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm has a 50-day moving average price of $72.31 and a 200 day moving average price of $63.14.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.04. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the previous year, the company posted $1.64 earnings per share. Research analysts forecast that Entergy Corporation will post 7.22 earnings per share for the current fiscal year.

Entergy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Wednesday, November 13th. Entergy’s dividend payout ratio is currently 58.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com lowered Entergy from a “hold” rating to a “sell” rating in a research note on Monday, December 9th. Royal Bank of Canada upped their target price on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Scotiabank raised their target price on Entergy from $72.00 to $82.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. BMO Capital Markets lowered their price target on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. Finally, Barclays raised their price objective on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $77.40.

Institutional Trading of Entergy

Several large investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. lifted its position in Entergy by 35.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,076 shares of the utilities provider’s stock worth $1,723,000 after buying an additional 3,456 shares in the last quarter. DGS Capital Management LLC increased its position in Entergy by 17.9% in the 3rd quarter. DGS Capital Management LLC now owns 4,141 shares of the utilities provider’s stock valued at $545,000 after acquiring an additional 628 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after acquiring an additional 1,981,611 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Entergy by 181.5% during the third quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider’s stock worth $1,884,000 after purchasing an additional 9,227 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Entergy by 78.3% during the third quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 1,875 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

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.