Entergy Corporation (NYSE:ETR) Insider Anastasia Minor Sells 145 Shares

Key Points

• Anastasia Minor, an insider at Entergy Corporation, sold 145 shares at an average price of $91.00, totaling $13,195.00, resulting in a 0.95% decrease in her holdings.
• Entergy's stock trades down 1.4% at around $89.05, with a market cap of $39.75 billion, and a P/E ratio of 22.18.
• Entergy announced a quarterly dividend of $0.60, with a dividend yield of 2.7% and a payout ratio of 59.85%.

Entergy Corporation (NYSE:ETR - Get Free Report) insider Anastasia Minor sold 145 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $91.00, for a total value of $13,195.00. Following the completion of the transaction, the insider directly owned 15,095 shares in the company, valued at approximately $1,373,645. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Entergy Trading Down 1.4%

Entergy stock traded down $1.24 during mid-day trading on Friday, hitting $89.05. 4,104,742 shares of the company's stock were exchanged, compared to its average volume of 3,574,606. The firm has a market capitalization of $39.75 billion, a P/E ratio of 22.18, a PEG ratio of 2.48 and a beta of 0.57. Entergy Corporation has a fifty-two week low of $58.46 and a fifty-two week high of $92.40. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company's 50 day simple moving average is $85.01 and its 200-day simple moving average is $83.74.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the business posted $1.92 EPS. On average, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a $0.60 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Entergy's dividend payout ratio (DPR) is presently 59.85%.

Hedge Funds Weigh In On Entergy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Choreo LLC lifted its position in Entergy by 12.3% during the first quarter. Choreo LLC now owns 9,546 shares of the utilities provider's stock worth $816,000 after acquiring an additional 1,042 shares during the last quarter. First American Trust FSB acquired a new stake in shares of Entergy in the first quarter valued at approximately $3,896,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Entergy in the first quarter valued at approximately $1,073,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Entergy by 25.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock valued at $6,708,000 after buying an additional 15,892 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Entergy by 85.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider's stock valued at $317,000 after buying an additional 1,931 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on ETR shares. Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Barclays reduced their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. BMO Capital Markets upped their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley dropped their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average target price of $88.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.