Reginald T. Jackson Sells 9,229 Shares of Entergy Co. (NYSE:ETR) Stock

Entergy Co. (NYSE:ETR - Get Free Report) CAO Reginald T. Jackson sold 9,229 shares of the business's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares of the company's stock, valued at $235,465.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Entergy Price Performance

ETR stock traded up $1.56 during midday trading on Tuesday, hitting $110.58. The company's stock had a trading volume of 2,133,179 shares, compared to its average volume of 1,449,327. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $110.72. The company has a 50 day moving average of $104.40 and a two-hundred day moving average of $101.44.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business's revenue was down .5% on a year-over-year basis. On average, analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Wednesday, May 1st. Entergy's payout ratio is 45.34%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ETR. Commonwealth Equity Services LLC grew its stake in shares of Entergy by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider's stock worth $3,537,000 after buying an additional 467 shares in the last quarter. CWM LLC increased its stake in Entergy by 15.6% during the fourth quarter. CWM LLC now owns 14,747 shares of the utilities provider's stock worth $1,492,000 after acquiring an additional 1,989 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Entergy by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider's stock valued at $60,273,000 after purchasing an additional 9,696 shares during the period. Financial Counselors Inc. boosted its holdings in shares of Entergy by 28.9% in the 4th quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider's stock worth $16,129,000 after purchasing an additional 35,718 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Entergy by 464.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider's stock worth $1,114,000 after purchasing an additional 9,910 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Company Profile

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.