Haley Fisackerly Sells 4,134 Shares of Entergy Co. (NYSE:ETR) Stock

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 4,134 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the completion of the transaction, the insider now directly owns 2,016 shares of the company’s stock, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Entergy Price Performance

Shares of NYSE:ETR opened at $147.05 on Friday. The firm has a 50 day moving average of $133.98 and a 200-day moving average of $119.52. The stock has a market capitalization of $31.53 billion, a PE ratio of 17.91, a PEG ratio of 2.49 and a beta of 0.71. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. Entergy Co. has a 12 month low of $96.15 and a 12 month high of $156.85.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.91 by $0.08. 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 period in the previous year, the company earned $3.27 EPS. On average, equities research analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.26%. Entergy’s payout ratio is 58.47%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ETR shares. BMO Capital Markets lifted their price objective on shares of Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Argus raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Guggenheim lifted their price objective on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $138.00 to $154.00 in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.96.

Institutional Investors Weigh In On Entergy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in shares of Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares during the period. Capital International Investors lifted its holdings in shares of Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after buying an additional 1,630,057 shares in the last quarter. Millennium Management LLC raised its stake in Entergy by 185.5% in the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after purchasing an additional 1,219,419 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Entergy by 12.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after purchasing an additional 763,834 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Entergy by 89.2% in the second quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock valued at $114,876,000 after purchasing an additional 506,239 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

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.