Entergy Corporation (ETR) Insider Haley Fisackerly Sells 4,800 Shares
Entergy Corporation (NYSE:ETR) insider Haley Fisackerly sold 4,800 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $87.00, for a total transaction of $417,600.00. Following the transaction, the insider now directly owns 5,276 shares in the company, valued at $459,012. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Haley Fisackerly also recently made the following trade(s):
- On Monday, October 16th, Haley Fisackerly sold 3,934 shares of Entergy Corporation stock. The stock was sold at an average price of $82.49, for a total transaction of $324,515.66.
- On Tuesday, August 8th, Haley Fisackerly sold 500 shares of Entergy Corporation stock. The stock was sold at an average price of $77.17, for a total transaction of $38,585.00.
Shares of Entergy Corporation (NYSE:ETR) traded down $0.64 during mid-day trading on Monday, hitting $86.36. 956,047 shares of the stock traded hands, compared to its average volume of 1,447,082. The stock has a market capitalization of $15,681.87, a P/E ratio of 12.87, a P/E/G ratio of 1.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $87.85.
Entergy Corporation (NYSE:ETR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy Corporation had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same quarter in the prior year, the company posted $2.31 earnings per share. equities research analysts predict that Entergy Corporation will post 6.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s dividend payout ratio is currently -70.45%.
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Several hedge funds have recently made changes to their positions in ETR. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 410 shares during the last quarter. V Wealth Management LLC purchased a new stake in shares of Entergy Corporation in the second quarter valued at about $106,000. Advisory Services Network LLC increased its holdings in Entergy Corporation by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC increased its holdings in Entergy Corporation by 3.0% during the second quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock worth $188,000 after buying an additional 71 shares during the last quarter. Finally, BlueMountain Capital Management LLC purchased a new stake in Entergy Corporation during the second quarter worth about $204,000. Institutional investors own 83.86% of the company’s stock.
A number of research firms have weighed in on ETR. Morgan Stanley raised their price objective on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. BidaskClub raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Entergy Corporation in a research note on Friday, August 4th. Finally, Citigroup Inc. raised shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Friday, October 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.42.
About Entergy Corporation
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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