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

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 4,134 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now owns 2,016 shares of the company’s stock, valued at $300,444.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Entergy Stock Performance

NYSE ETR opened at $147.61 on Thursday. Entergy Co. has a 12-month low of $96.15 and a 12-month high of $156.85. The firm has a 50-day moving average price of $133.48 and a two-hundred day moving average price of $119.33. The company has a market capitalization of $31.65 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.49 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the company earned $3.27 EPS. Analysts anticipate that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.25%. This is an increase from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio is presently 58.47%.

Hedge Funds Weigh In On Entergy

Several hedge funds and other institutional investors have recently made changes to their positions in ETR. Quent Capital LLC increased its stake in Entergy by 21.7% in the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 98 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Entergy by 23.2% in the 1st quarter. Empowered Funds LLC now owns 11,594 shares of the utilities provider’s stock valued at $1,225,000 after purchasing an additional 2,181 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Entergy by 15.6% during the 1st quarter. Sei Investments Co. now owns 179,077 shares of the utilities provider’s stock worth $18,925,000 after buying an additional 24,105 shares in the last quarter. Qsemble Capital Management LP bought a new stake in shares of Entergy during the 1st quarter worth $358,000. Finally, ProShare Advisors LLC boosted its stake in Entergy by 6.0% in the first quarter. ProShare Advisors LLC now owns 40,178 shares of the utilities provider’s stock valued at $4,246,000 after buying an additional 2,273 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ETR. BMO Capital Markets raised their price objective on Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Mizuho upped their price objective on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Scotiabank raised their target price on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $116.00 to $150.00 in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus price target of $150.96.

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.