Haley Fisackerly Sells 10,638 Shares of Entergy (NYSE:ETR) Stock

Entergy Corporation (NYSE:ETR) insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Entergy Stock Up 1.5%

NYSE ETR opened at $110.87 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The company has a fifty day moving average of $112.48 and a two-hundred day moving average of $102.87. The firm has a market capitalization of $50.77 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.89 and a beta of 0.50. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period in the previous year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s payout ratio is presently 65.31%.

Analyst Ratings Changes

Several research analysts have commented on ETR shares. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. KeyCorp reaffirmed an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley set a $94.00 price objective on shares of Entergy in a research note on Thursday, May 21st. Finally, Scotiabank reissued an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.58.

Institutional Trading of Entergy

Large investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in shares of Entergy by 66.0% during the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after purchasing an additional 318,221 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Entergy in the third quarter valued at about $108,005,000. Aurora Investment Counsel bought a new stake in shares of Entergy in the third quarter valued at about $3,120,000. Reaves W H & Co. Inc. raised its holdings in shares of Entergy by 15.7% in the third quarter. Reaves W H & Co. Inc. now owns 2,288,367 shares of the utilities provider’s stock valued at $213,253,000 after acquiring an additional 310,589 shares in the last quarter. Finally, Tounjian Advisory Partners LLC bought a new stake in shares of Entergy in the fourth quarter valued at about $1,473,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.