Entergy Co. (NYSE:ETR) EVP Marcus V. Brown sold 31,300 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $94.92, for a total transaction of $2,970,996.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of ETR stock traded down $0.28 on Friday, reaching $94.66. 4,557,426 shares of the company were exchanged, compared to its average volume of 1,566,187. The stock has a market capitalization of $17.95 billion, a PE ratio of 12.95 and a beta of 0.40. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.54 and a quick ratio of 0.38. Entergy Co. has a one year low of $75.45 and a one year high of $95.63.
Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.12. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Entergy had a net margin of 7.83% and a return on equity of 16.22%. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, analysts anticipate that Entergy Co. will post 5.47 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of Entergy from $88.00 to $91.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Zacks Investment Research cut shares of Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. ValuEngine raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Royal Bank of Canada reissued a “hold” rating and set a $91.00 price objective on shares of Entergy in a research report on Wednesday, January 23rd. Finally, Macquarie raised shares of Entergy from a “neutral” rating to an “outperform” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $90.79.
Several hedge funds have recently added to or reduced their stakes in ETR. American Century Companies Inc. raised its holdings in shares of Entergy by 2.1% in the 4th quarter. American Century Companies Inc. now owns 193,963 shares of the utilities provider’s stock worth $16,694,000 after acquiring an additional 4,057 shares during the last quarter. Norges Bank purchased a new stake in Entergy in the 4th quarter valued at about $144,091,000. FMR LLC increased its stake in Entergy by 30.2% in the 4th quarter. FMR LLC now owns 3,335,411 shares of the utilities provider’s stock valued at $287,079,000 after buying an additional 773,770 shares during the last quarter. Aspire Private Capital LLC purchased a new stake in Entergy in the 4th quarter valued at about $26,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Entergy in the 4th quarter valued at about $308,000. 93.06% of the stock is currently owned by institutional investors.
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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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