Entergy Co. (NYSE:ETR) COO Paul D. Hinnenkamp sold 3,000 shares of the firm's stock in a transaction dated Monday, June 14th. The shares were sold at an average price of $108.51, for a total value of $325,530.00. Following the sale, the chief operating officer now owns 29,946 shares in the company, valued at approximately $3,249,440.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Paul D. Hinnenkamp also recently made the following trade(s):
- On Wednesday, June 9th, Paul D. Hinnenkamp sold 3,000 shares of Entergy stock. The shares were sold at an average price of $107.28, for a total value of $321,840.00.
Shares of NYSE ETR traded up $0.33 during trading hours on Tuesday, hitting $109.23. The company's stock had a trading volume of 902,727 shares, compared to its average volume of 1,330,045. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.81 and a current ratio of 1.06. The stock has a market capitalization of $21.96 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 3.59 and a beta of 0.55. Entergy Co. has a 12 month low of $85.78 and a 12 month high of $113.36. The stock has a 50-day moving average price of $106.20.
Entergy (NYSE:ETR) last posted its earnings results on Tuesday, April 27th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.17 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.60 billion. Entergy had a return on equity of 11.30% and a net margin of 15.41%. During the same period last year, the firm earned $1.14 earnings per share. On average, equities research analysts anticipate that Entergy Co. will post 5.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Thursday, May 6th were issued a $0.95 dividend. The ex-dividend date was Wednesday, May 5th. This represents a $3.80 annualized dividend and a yield of 3.48%. Entergy's dividend payout ratio (DPR) is presently 67.14%.
Institutional investors and hedge funds have recently modified their holdings of the business. Inspire Advisors LLC purchased a new stake in Entergy in the fourth quarter worth about $32,000. Alpha Paradigm Partners LLC purchased a new stake in Entergy in the first quarter worth about $34,000. Truvestments Capital LLC purchased a new stake in Entergy in the fourth quarter worth about $34,000. E Fund Management Co. Ltd. purchased a new stake in Entergy in the first quarter worth about $35,000. Finally, Tompkins Financial Corp purchased a new stake in Entergy in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 85.34% of the company's stock.
A number of research analysts have recently issued reports on ETR shares. Morgan Stanley reduced their price objective on Entergy from $119.00 to $117.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 18th. KeyCorp reaffirmed a "sector weight" rating on shares of Entergy in a research note on Monday, March 15th. Mizuho raised their price objective on Entergy from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, March 30th. Vertical Research raised Entergy from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research note on Thursday, April 29th. Finally, Wells Fargo & Company raised their price objective on Entergy from $105.00 to $119.00 and gave the company an "overweight" rating in a research note on Thursday, April 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. The stock presently has an average rating of "Buy" and an average target price of $116.57.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.
See Also: Does a trade war provide a risk to the global economy?
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 [email protected]
Featured Article: What is meant by holder of record?7 Stocks That Can Help You Profit From Summer Shortages
One of the lingering impacts of the Covid-19 pandemic is the supply chain disruptions that continue to bedevil many sectors. By now, every investor is aware of the global chip shortage that is disrupting many sectors that were projected to have strong growth in 2021.
But there are many more sectors that are being affected by supply chain disruptions. And this affects everything from big-ticket items like cars to everyday items like pet food and even bacon.
The focus of this special presentation is seven companies that stand to benefit from the current disruption in the supply chain. All of these companies delivered strong gains in 2020. Some of them have weakened in 2021, but that was before the full extent of the supply chain weakness was discovered.
As the economy reopens, the shortage of items is likely to continue and become much more notable. When they do, many of these stocks may get overpriced. That’s why now is the time to get in on these stocks that can help you work the supply chain in your favor.
View the "7 Stocks That Can Help You Profit From Summer Shortages"