Stock Traders Buy High Volume of Put Options on Entergy (ETR)
Entergy Co. (NYSE:ETR) was the target of some unusual options trading activity on Tuesday. Investors bought 1,108 put options on the company. This is an increase of 1,844% compared to the typical daily volume of 57 put options.
Entergy (NYSE ETR) opened at $76.99 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The stock has a market cap of $14,021.76, a price-to-earnings ratio of -15.58, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55. Entergy has a 12 month low of $69.63 and a 12 month high of $87.95.
Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted $2.31 EPS. equities research analysts anticipate that Entergy will post 6.89 earnings per share for the current fiscal year.
In other news, EVP Donald W. Vinci sold 3,000 shares of Entergy stock in a transaction on Friday, November 10th. The shares were sold at an average price of $85.25, for a total value of $255,750.00. Following the transaction, the executive vice president now directly owns 9,039 shares of the company’s stock, valued at approximately $770,574.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles L. Rice, Jr. sold 9,234 shares of Entergy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total transaction of $796,340.16. The disclosure for this sale can be found here. Insiders sold a total of 29,768 shares of company stock worth $2,570,188 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.
Several large investors have recently bought and sold shares of ETR. Bank of Montreal Can grew its stake in shares of Entergy by 39.5% during the 4th quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock worth $162,873,000 after purchasing an additional 567,130 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Entergy by 71.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 973,379 shares of the utilities provider’s stock worth $74,726,000 after purchasing an additional 404,399 shares during the period. Principal Financial Group Inc. grew its stake in shares of Entergy by 27.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock worth $88,036,000 after purchasing an additional 250,267 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Entergy by 283.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 326,226 shares of the utilities provider’s stock worth $25,015,000 after purchasing an additional 241,100 shares during the period. Finally, Nomura Holdings Inc. grew its stake in shares of Entergy by 4,433.0% during the 2nd quarter. Nomura Holdings Inc. now owns 245,415 shares of the utilities provider’s stock worth $18,842,000 after purchasing an additional 240,001 shares during the period. 82.78% of the stock is currently owned by institutional investors and hedge funds.
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Entergy Company Profile
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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