Insider Selling: Entergy Co. (ETR) Insider Sells $227,970.00 in Stock

Entergy Co. (NYSE:ETR) insider Haley Fisackerly sold 2,533 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $90.00, for a total value of $227,970.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Haley Fisackerly also recently made the following trade(s):

  • On Monday, December 3rd, Haley Fisackerly sold 500 shares of Entergy stock. The stock was sold at an average price of $87.06, for a total value of $43,530.00.
  • On Monday, November 12th, Haley Fisackerly sold 4,900 shares of Entergy stock. The stock was sold at an average price of $87.00, for a total value of $426,300.00.

ETR opened at $89.78 on Friday. The firm has a market cap of $16.26 billion, a P/E ratio of 12.47, a PEG ratio of 1.84 and a beta of 0.42. Entergy Co. has a 1 year low of $71.95 and a 1 year high of $90.79. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 1.88.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.94. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Entergy had a return on equity of 16.94% and a net margin of 4.01%. During the same quarter last year, the firm earned $2.35 earnings per share. As a group, analysts predict that Entergy Co. will post 6.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Thursday, November 8th were given a dividend of $0.91 per share. This is a boost from Entergy’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $3.64 dividend on an annualized basis and a yield of 4.05%. Entergy’s dividend payout ratio (DPR) is presently 50.56%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. Braun Bostich & Associates Inc. raised its holdings in Entergy by 1,320.4% during the second quarter. Braun Bostich & Associates Inc. now owns 1,392 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,294 shares in the last quarter. Advisors Preferred LLC raised its holdings in Entergy by 200.8% during the second quarter. Advisors Preferred LLC now owns 2,178 shares of the utilities provider’s stock valued at $176,000 after buying an additional 1,454 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Entergy by 65.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the utilities provider’s stock valued at $177,000 after buying an additional 869 shares in the last quarter. ELM Advisors LLC bought a new position in Entergy during the third quarter valued at about $178,000. Finally, Segment Wealth Management LLC bought a new position in Entergy during the third quarter valued at about $202,000. Institutional investors own 90.90% of the company’s stock.

Several analysts have recently commented on the company. Morgan Stanley raised their target price on Entergy from $83.00 to $87.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research cut Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Bank of America lifted their price objective on Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. Citigroup lifted their price objective on Entergy from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, Wells Fargo & Co lifted their price objective on Entergy from $91.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $89.63.

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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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