Entergy Corporation (NYSE:ETR) Insider Deanna D. Rodriguez Sells 6,088 Shares of Stock

Entergy Corporation (NYSE:ETR) insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Entergy Trading Up 0.7 %

Entergy stock opened at $74.79 on Tuesday. Entergy Corporation has a one year low of $48.08 and a one year high of $79.04. The company’s fifty day moving average price is $72.31 and its two-hundred day moving average price is $63.14. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.47 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the company posted $1.64 EPS. On average, analysts forecast that Entergy Corporation will post 7.22 earnings per share for the current fiscal year.

Entergy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.40 annualized dividend and a yield of 3.21%. Entergy’s dividend payout ratio (DPR) is presently 58.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets reduced their price objective on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their target price on shares of Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price target on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.40.

Institutional Trading of Entergy

A number of institutional investors and hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its position in Entergy by 35.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,076 shares of the utilities provider’s stock worth $1,723,000 after acquiring an additional 3,456 shares during the last quarter. DGS Capital Management LLC increased its stake in shares of Entergy by 17.9% in the third quarter. DGS Capital Management LLC now owns 4,141 shares of the utilities provider’s stock worth $545,000 after purchasing an additional 628 shares during the period. Franklin Resources Inc. lifted its position in shares of Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Entergy by 181.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider’s stock valued at $1,884,000 after purchasing an additional 9,227 shares during the period. Finally, Synovus Financial Corp grew its holdings in Entergy by 78.3% in the 3rd quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider’s stock valued at $562,000 after buying an additional 1,875 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Company Profile

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.