Entergy Co. (ETR) EVP Sells $1,400,518.00 in Stock

Entergy Co. (NYSE:ETR) EVP Marcus V. Brown sold 14,291 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $98.00, for a total transaction of $1,400,518.00. Following the completion of the transaction, the executive vice president now owns 39,477 shares in the company, valued at approximately $3,868,746. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marcus V. Brown also recently made the following trade(s):

  • On Thursday, March 14th, Marcus V. Brown sold 31,300 shares of Entergy stock. The shares were sold at an average price of $94.92, for a total transaction of $2,970,996.00.

Shares of ETR stock opened at $97.68 on Wednesday. Entergy Co. has a 52-week low of $75.83 and a 52-week high of $98.56. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 2.65 and a beta of 0.40.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.12). Entergy had a return on equity of 15.17% and a net margin of 9.04%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the company posted $0.83 earnings per share. On average, equities analysts expect that Entergy Co. will post 5.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, May 8th. Entergy’s dividend payout ratio is currently 49.79%.

Several brokerages have recently weighed in on ETR. Morgan Stanley upped their price objective on shares of Entergy from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. Macquarie set a $100.00 price objective on shares of Entergy and gave the company a “buy” rating in a report on Thursday, May 2nd. ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of Entergy from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Wells Fargo & Co upped their price objective on shares of Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Entergy currently has an average rating of “Buy” and an average target price of $93.50.

Several institutional investors have recently added to or reduced their stakes in ETR. Aspire Private Capital LLC bought a new position in shares of Entergy during the 4th quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new position in Entergy in the 4th quarter worth approximately $27,000. American Research & Management Co. bought a new position in Entergy in the 1st quarter worth approximately $30,000. Investec Asset Management PTY Ltd bought a new position in Entergy in the 4th quarter worth approximately $37,000. Finally, CWM LLC boosted its holdings in Entergy by 176.4% in the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock worth $38,000 after buying an additional 284 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

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Entergy Company Profile

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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Insider Buying and Selling by Quarter for Entergy (NYSE:ETR)

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