Insider Selling: Entergy Co. (ETR) Insider Sells 2,000 Shares of Stock
Entergy Co. (NYSE:ETR) insider Sallie T. Rainer sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $86.61, for a total transaction of $173,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Entergy stock traded down $0.98 during trading hours on Wednesday, reaching $85.35. The company’s stock had a trading volume of 982,922 shares, compared to its average volume of 1,514,514. Entergy Co. has a one year low of $71.95 and a one year high of $87.85. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.78 and a beta of 0.39. 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 (NYSE:ETR) last announced its earnings results on Wednesday, October 31st. The utilities provider reported $3.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.83 by $0.94. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.85 billion. Entergy had a net margin of 4.01% and a return on equity of 16.94%. During the same quarter in the prior year, the company posted $2.35 earnings per share. On average, research analysts forecast that Entergy Co. will post 6.98 EPS for the current year.
ETR has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Entergy from $87.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Scotiabank initiated coverage on shares of Entergy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $84.00 price objective on the stock. Bank of America raised their price objective on shares of Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $82.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, August 29th. Finally, UBS Group raised shares of Entergy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $85.00 to $92.00 in a research note on Friday, August 3rd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $89.63.
Hedge funds have recently made changes to their positions in the company. Braun Bostich & Associates Inc. raised its holdings in shares of Entergy by 1,320.4% in the second quarter. Braun Bostich & Associates Inc. now owns 1,392 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,294 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Entergy by 402.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,855 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,486 shares during the last quarter. Advisors Preferred LLC raised its holdings in shares of Entergy by 200.8% in the second quarter. Advisors Preferred LLC now owns 2,178 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 1,454 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Entergy by 65.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 869 shares during the last quarter. Finally, ELM Advisors LLC purchased a new stake in shares of Entergy in the third quarter valued at about $178,000. Institutional investors own 90.35% of the company’s stock.
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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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