Entergy (NYSE:ETR) Insider Sells $594,720.00 in Stock

Key Points

• Entergy insider Laura Landreaux sold 5,600 shares at an average price of $106.20, generating $594,720 and reducing her ownership by 19.87% to 22,589 shares.
• Entergy shares closed at $105.34, below both the 50-day and 200-day moving averages. The company has a $49.16 billion market capitalization and a 2.4% dividend yield.
• Analysts maintain a “Moderate Buy” consensus, with 17 Buy ratings and three Holds and an average price target of $120.84. The company recently exceeded quarterly earnings and revenue expectations.

Entergy Corporation (NYSE:ETR - Get Free Report) insider Laura Landreaux sold 5,600 shares of the business's stock in a transaction on 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 in the company, valued at $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Entergy Price Performance

Shares of NYSE:ETR traded down $0.39 on Friday, reaching $105.34. 4,179,374 shares of the company were exchanged, compared to its average volume of 2,992,052. The company has a 50-day moving average of $109.71 and a 200-day moving average of $110.24. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The firm has a market cap of $49.16 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49. Entergy Corporation has a 1-year low of $87.38 and a 1-year high of $118.44.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 13th. Entergy's dividend payout ratio (DPR) is presently 65.64%.

Analyst Ratings Changes

A number of research firms recently weighed in on ETR. BTIG Research restated a "buy" rating and issued a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. Truist Financial set a $122.00 target price on Entergy and gave the stock a "buy" rating in a research report on Thursday, August 13th. Morgan Stanley set a $105.00 target price on Entergy and gave the company an "equal weight" rating in a report on Friday, August 21st. Mizuho set a $122.00 target price on Entergy and gave the company an "outperform" rating in a report on Wednesday, June 10th. Finally, Scotiabank reaffirmed a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $120.84.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Union Savings Bank acquired a new stake in Entergy during the 4th quarter valued at $28,000. Bell Investment Advisors Inc acquired a new position in shares of Entergy in the second quarter worth $28,000. Fairway Wealth LLC purchased a new stake in shares of Entergy in the first quarter valued at $30,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy during the first quarter valued at $30,000. Finally, Pingora Partners LLC acquired a new stake in shares of Entergy during the second quarter valued at $30,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.

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