Traders sold shares of Entergy Co. (NYSE:ETR) on strength during trading hours on Wednesday after an insider sold shares in the company. $39.00 million flowed into the stock on the tick-up and $48.87 million flowed out of the stock on the tick-down, for a money net flow of $9.87 million out of the stock. Of all equities tracked, Entergy had the 26th highest net out-flow for the day. Entergy traded up $1.17 for the day and closed at $88.98Specifically, insider Sallie T. Rainer sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $86.61, for a total value of $173,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Paul D. Hinnenkamp sold 7,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $87.50, for a total transaction of $612,500.00. The disclosure for this sale can be found here. Insiders sold 76,727 shares of company stock valued at $6,644,282 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

A number of equities research analysts have commented on ETR shares. Wells Fargo & Co raised their price target on shares of Entergy from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Morgan Stanley raised their price objective on shares of Entergy from $83.00 to $87.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Bank of America raised their price objective on shares of Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $82.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, August 29th. Finally, Citigroup raised their price objective on shares of Entergy from $88.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Entergy currently has a consensus rating of “Buy” and a consensus price target of $89.63.

The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.80 and a beta of 0.42.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.94. Entergy had a net margin of 4.01% and a return on equity of 16.94%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the firm earned $2.35 earnings per share. As a group, equities analysts predict that Entergy Co. will post 6.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Thursday, November 8th were given a dividend of $0.91 per share. This is a positive change from Entergy’s previous quarterly dividend of $0.89. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, November 7th. Entergy’s dividend payout ratio (DPR) is presently 50.56%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Braun Bostich & Associates Inc. lifted its position in shares of Entergy by 1,320.4% during the second quarter. Braun Bostich & Associates Inc. now owns 1,392 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,294 shares in the last quarter. Advisors Preferred LLC lifted its position in shares of Entergy by 200.8% during the second quarter. Advisors Preferred LLC now owns 2,178 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 1,454 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Entergy by 65.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 869 shares in the last quarter. ELM Advisors LLC bought a new position in shares of Entergy during the third quarter valued at about $178,000. Finally, Segment Wealth Management LLC bought a new position in shares of Entergy during the third quarter valued at about $202,000. 91.31% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/traders-sell-entergy-etr-on-strength-after-insider-selling/2663077.html.

Entergy Company Profile (NYSE:ETR)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Featured Story: Google Finance Portfolio Tips and Tricks

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.