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

Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Entergy Stock Performance

ETR traded up $1.56 on Tuesday, reaching $110.58. The company had a trading volume of 2,138,457 shares, compared to its average volume of 1,449,147. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $110.72. The stock has a market capitalization of $23.61 billion, a PE ratio of 10.94, a P/E/G ratio of 2.01 and a beta of 0.69. The stock has a 50-day moving average price of $104.20 and a 200-day moving average price of $101.32.

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

Entergy Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on ETR. BMO Capital Markets boosted their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Scotiabank reduced their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. KeyCorp upped their target price on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Barclays decreased their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $109.45.

Institutional Trading of Entergy

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 165 shares during the period. Tidemark LLC acquired a new position in Entergy in the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Entergy during the 3rd quarter valued at approximately $32,000. Fortis Group Advisors LLC acquired a new stake in Entergy during the 3rd quarter worth approximately $32,000. Finally, OLD Point Trust & Financial Services N A purchased a new position in shares of Entergy in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.