Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson Sells 9,229 Shares

Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the sale, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Entergy Price Performance

Shares of ETR opened at $110.58 on Wednesday. The business has a 50-day moving average of $104.40 and a 200-day moving average of $101.44. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $110.72. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Institutional Investors Weigh In On Entergy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC lifted 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 buying an additional 98 shares during the period. Wealth Alliance lifted its position in shares of Entergy by 1.2% during the 4th quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock valued at $830,000 after acquiring an additional 101 shares during the period. Marino Stram & Associates LLC lifted its position in shares of Entergy by 1.7% during the 1st quarter. Marino Stram & Associates LLC now owns 5,879 shares of the utilities provider’s stock valued at $621,000 after acquiring an additional 101 shares during the period. Prossimo Advisors LLC boosted its stake in Entergy by 2.5% during the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after acquiring an additional 110 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in Entergy by 40.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ETR. BMO Capital Markets raised their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Scotiabank decreased their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Barclays lowered their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 target price on shares of Entergy in a research note on Monday, February 26th. Finally, KeyCorp increased their price target on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.45.

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.