Entergy Co. (NYSE:ETR) CEO Andrew S. Marsh Sells 3,200 Shares

Entergy Co. (NYSE:ETR) CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Entergy Stock Up 0.7 %

NYSE:ETR traded up $0.82 during trading hours on Wednesday, reaching $116.98. The company’s stock had a trading volume of 1,892,639 shares, compared to its average volume of 1,526,033. Entergy Co. has a one year low of $87.10 and a one year high of $123.61. The business’s 50-day moving average is $109.38 and its 200-day moving average is $105.99. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.45. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 2.29 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter last year, the firm posted $1.84 earnings per share. Equities research analysts predict that Entergy Co. will post 7.21 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is 45.34%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ETR shares. Morgan Stanley cut their target price on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a research note on Monday, June 24th. KeyCorp increased their price objective on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Barclays decreased their price objective on Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. BMO Capital Markets upped their target price on Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Monday. Finally, Mizuho raised their price target on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $118.19.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently made changes to their positions in ETR. Tidemark LLC bought a new stake in Entergy during the 4th quarter valued at approximately $25,000. Iron Horse Wealth Management LLC acquired a new position in shares of Entergy during the second quarter worth approximately $25,000. Heritage Wealth Advisors boosted its position in shares of Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares during the period. American National Bank grew its stake in shares of Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in Entergy during the second quarter worth $32,000. 88.07% of the stock is currently owned by institutional investors.

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.