Entergy (NYSE:ETR) Reaches New 52-Week High at $108.85

Entergy Co. (NYSE:ETR)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $108.85 and last traded at $108.59, with a volume of 141538 shares traded. The stock had previously closed at $108.08.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Barclays decreased their price target on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. KeyCorp lifted their price objective on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Scotiabank lowered their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.45.

Entergy Trading Up 0.9 %

The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The business has a 50 day moving average of $104.02 and a two-hundred day moving average of $101.21. The firm has a market cap of $23.28 billion, a P/E ratio of 10.84, a PEG ratio of 2.01 and a beta of 0.69.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.15%. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insider Transactions at Entergy

In other news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $1,226,685. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC boosted its stake in shares of Entergy by 21.7% during the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 98 shares in the last quarter. Wealth Alliance lifted its holdings in Entergy by 1.2% in the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock valued at $830,000 after buying an additional 101 shares during the period. Marino Stram & Associates LLC grew its holdings in Entergy by 1.7% during the 1st quarter. Marino Stram & Associates LLC now owns 5,879 shares of the utilities provider’s stock worth $621,000 after acquiring an additional 101 shares during the period. Prossimo Advisors LLC raised its position in shares of Entergy by 2.5% in the 4th quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after acquiring an additional 110 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Entergy by 40.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

About Entergy

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.