Entergy (NYSE:ETR) Director Ralph Lewis Ropp Buys 1,000 Shares of Stock

Entergy Corporation (NYSE:ETR) Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Entergy Stock Performance

NYSE ETR traded up $1.06 on Friday, reaching $95.48. The stock had a trading volume of 731,913 shares, compared to its average volume of 3,290,547. The business’s 50-day moving average price is $93.75 and its 200 day moving average price is $87.99. Entergy Corporation has a 12-month low of $73.15 and a 12-month high of $98.58. The stock has a market cap of $42.64 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.52 and a current ratio of 0.71.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The firm had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ETR shares. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Evercore ISI increased their price objective on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.37.

Institutional Investors Weigh In On Entergy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mattson Financial Services LLC raised its position in shares of Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the period. Atwood & Palmer Inc. increased its position in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Entergy during the 1st quarter worth about $28,000. Capital A Wealth Management LLC lifted its position in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its holdings in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares during the period. Institutional investors own 88.07% of the company’s stock.

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.