Entergy Co. (NYSE:ETR) Insider Haley Fisackerly Sells 3,890 Shares of Stock

Posted by Defense World Staff on Mar 1st, 2023

Entergy Co. (NYSE:ETR – Get Rating) insider Haley Fisackerly sold 3,890 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $108.42, for a total value of $421,753.80. Following the sale, the insider now directly owns 1,656 shares of the company’s stock, valued at approximately $179,543.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Entergy Stock Performance

Shares of ETR stock opened at $102.87 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.82. The business’s fifty day simple moving average is $108.46 and its 200-day simple moving average is $110.65. Entergy Co. has a 12-month low of $94.94 and a 12-month high of $126.82. The company has a market cap of $21.75 billion, a PE ratio of 19.09, a PEG ratio of 2.65 and a beta of 0.63.

Entergy (NYSE:ETR – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.65 billion. Entergy had a net margin of 8.01% and a return on equity of 10.88%. During the same period last year, the company posted $0.76 EPS. Analysts expect that Entergy Co. will post 6.68 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Friday, February 10th will be issued a $1.07 dividend. The ex-dividend date is Thursday, February 9th. This represents a $4.28 annualized dividend and a yield of 4.16%. Entergy’s dividend payout ratio (DPR) is presently 79.41%.

Institutional Trading of Entergy

Several institutional investors have recently added to or reduced their stakes in ETR. Macquarie Group Ltd. boosted its position in Entergy by 10.9% in the 4th quarter. Macquarie Group Ltd. now owns 123,774 shares of the utilities provider’s stock valued at $13,700,000 after buying an additional 12,191 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Entergy by 7.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,350 shares of the utilities provider’s stock worth $1,277,000 after purchasing an additional 756 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Entergy by 16.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,151 shares of the utilities provider’s stock worth $579,000 after purchasing an additional 740 shares during the last quarter. Equitable Trust Co. purchased a new stake in Entergy in the fourth quarter valued at $856,000. Finally, Truist Financial Corp lifted its position in Entergy by 13.6% in the fourth quarter. Truist Financial Corp now owns 12,922 shares of the utilities provider’s stock valued at $1,454,000 after acquiring an additional 1,542 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of a number of recent research reports. Credit Suisse Group upped their target price on Entergy from $108.00 to $117.00 and gave the company an “outperform” rating in a research note on Friday, November 4th. BMO Capital Markets lifted their price objective on Entergy from $111.00 to $116.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd. Mizuho decreased their target price on Entergy from $114.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, January 19th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Finally, Wells Fargo & Company upped their price objective on Entergy from $123.00 to $135.00 in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $122.47.

Entergy Company Profile

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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.