Entergy (NYSE:ETR) Insider Sells 5,600 Shares

Entergy Corporation (NYSE:ETR) insider Laura Landreaux sold 5,600 shares of Entergy stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Entergy Trading Down 0.4%

Shares of NYSE:ETR traded down $0.39 during trading on Friday, reaching $105.34. The stock had a trading volume of 4,179,374 shares, compared to its average volume of 2,992,052. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market cap of $49.16 billion, a P/E ratio of 27.01, a PEG ratio of 2.40 and a beta of 0.49. The business has a fifty day moving average price of $109.71 and a 200-day moving average price of $110.24. Entergy Corporation has a fifty-two week low of $87.38 and a fifty-two week high of $118.44.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter last year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a $0.64 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is currently 65.64%.

Institutional Investors Weigh In On Entergy

Institutional investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in shares of Entergy in the 2nd quarter worth about $28,000. Pingora Partners LLC purchased a new stake in shares of Entergy during the 2nd quarter worth about $30,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of Entergy during the 1st quarter worth about $30,000. Fairway Wealth LLC acquired a new stake in Entergy during the 1st quarter worth approximately $30,000. Finally, Union Savings Bank acquired a new stake in Entergy during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BMO Capital Markets raised their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the stock an “equal weight” rating in a research report on Friday, August 21st. Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Mizuho set a $122.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $120.84.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.