Traders Buy High Volume of Put Options on Entergy (ETR)
Entergy Co. (NYSE:ETR) was the recipient of unusually large options trading on Monday. Investors acquired 1,189 put options on the company. This represents an increase of approximately 891% compared to the average volume of 120 put options.
In related news, EVP Marcus V. Brown sold 3,600 shares of Entergy stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $85.64, for a total value of $308,304.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Donald W. Vinci sold 10,033 shares of Entergy stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $87.00, for a total transaction of $872,871.00. The disclosure for this sale can be found here. Insiders sold a total of 24,533 shares of company stock worth $2,123,475 in the last 90 days. Company insiders own 0.25% of the company’s stock.
A number of hedge funds have recently modified their holdings of ETR. FMR LLC raised its holdings in Entergy by 256.4% during the 2nd quarter. FMR LLC now owns 2,585,554 shares of the utilities provider’s stock valued at $208,886,000 after acquiring an additional 1,860,030 shares during the period. Millennium Management LLC raised its holdings in Entergy by 107.5% during the 2nd quarter. Millennium Management LLC now owns 2,700,290 shares of the utilities provider’s stock valued at $218,156,000 after acquiring an additional 1,398,892 shares during the period. Luminus Management LLC bought a new stake in Entergy during the 2nd quarter valued at $110,530,000. Massachusetts Financial Services Co. MA bought a new stake in Entergy during the 2nd quarter valued at $93,409,000. Finally, Boston Partners increased its holdings in shares of Entergy by 38.4% in the second quarter. Boston Partners now owns 2,824,231 shares of the utilities provider’s stock worth $228,170,000 after purchasing an additional 784,238 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of ETR stock opened at $86.33 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 1.88. Entergy has a 1 year low of $71.95 and a 1 year high of $87.85. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.39.
Entergy (NYSE:ETR) last issued its earnings results on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.94. Entergy had a net margin of 4.01% and a return on equity of 16.94%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the firm posted $2.35 EPS. As a group, sell-side analysts expect that Entergy will post 6.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.91 per share. This is a boost from Entergy’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $3.64 dividend on an annualized basis and a yield of 4.22%. Entergy’s payout ratio is presently 50.56%.
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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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