Insider Selling: Entergy Co. (NYSE:ETR) Insider Sells 200 Shares of Stock

Entergy Co. (NYSE:ETR) insider Eliecer Viamontes sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total transaction of $29,400.00. Following the completion of the transaction, the insider now directly owns 4,173 shares in the company, valued at $613,431. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Eliecer Viamontes also recently made the following trade(s):

• On Friday, August 30th, Eliecer Viamontes sold 5,166 shares of Entergy stock. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00.

Entergy Stock Performance

NYSE ETR opened at $149.03 on Friday. The stock has a market capitalization of $31.95 billion, a PE ratio of 18.15, a P/E/G ratio of 2.44 and a beta of 0.71. The business has a 50 day simple moving average of $132.34 and a two-hundred day simple moving average of $118.56. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy Co. has a 1-year low of $94.85 and a 1-year high of $156.85.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the previous year, the business earned $3.27 EPS. On average, research analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is currently 55.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays increased their target price on shares of Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company raised their price objective on shares of Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Guggenheim lifted their price target on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Institutional Investors Weigh In On Entergy

A number of institutional investors and hedge funds have recently bought and sold shares of ETR. Ameriprise Financial Inc. raised its position in Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after purchasing an additional 2,075,776 shares in the last quarter. Capital International Investors raised its position in Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares in the last quarter. Millennium Management LLC raised its position in Entergy by 185.5% during the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after purchasing an additional 1,219,419 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after purchasing an additional 763,834 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Entergy by 89.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after acquiring an additional 506,239 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

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.