Traders Buy Shares of Entergy (ETR) on Weakness
Investors purchased shares of Entergy Co. (NYSE:ETR) on weakness during trading hours on Monday. $70.70 million flowed into the stock on the tick-up and $23.24 million flowed out of the stock on the tick-down, for a money net flow of $47.46 million into the stock. Of all companies tracked, Entergy had the 26th highest net in-flow for the day. Entergy traded down ($1.15) for the day and closed at $84.37
Several research analysts have recently weighed in on the stock. TheStreet raised shares of Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho reissued a “hold” rating and set a $83.00 price target on shares of Entergy in a research report on Friday, October 27th. Wells Fargo & Company reissued an “outperform” rating and set a $96.00 price target (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Bank of America assumed coverage on shares of Entergy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target on the stock. Finally, Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $82.42.
The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The company has a market capitalization of $15,415.10, a PE ratio of 12.65, a P/E/G ratio of 1.76 and a beta of 0.55.
Entergy (NYSE:ETR) last posted its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. sell-side analysts forecast that Entergy Co. will post 6.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were given a $0.89 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 4.22%. This is a boost from Entergy’s previous quarterly dividend of $0.87. Entergy’s dividend payout ratio is presently -72.06%.
In other Entergy news, insider Haley Fisackerly sold 4,800 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.00, for a total value of $417,600.00. Following the transaction, the insider now owns 5,276 shares of the company’s stock, valued at $459,012. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald W. Vinci sold 3,234 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.00, for a total transaction of $281,358.00. Following the completion of the transaction, the executive vice president now directly owns 15,273 shares in the company, valued at approximately $1,328,751. The disclosure for this sale can be found here. Insiders sold 57,812 shares of company stock worth $4,907,522 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. Hudock Capital Group LLC lifted its position in shares of Entergy by 0.4% during the second quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 20 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Entergy by 0.5% during the second quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 24 shares in the last quarter. Regal Investment Advisors LLC lifted its position in shares of Entergy by 0.4% during the second quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 27 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Entergy by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Entergy by 1.0% during the second quarter. Daiwa Securities Group Inc. now owns 5,050 shares of the utilities provider’s stock worth $388,000 after purchasing an additional 50 shares in the last quarter. 82.95% of the stock is currently owned by institutional investors.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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