Investors Buy Large Volume of Entergy Call Options (ETR)

Entergy Co. (NYSE:ETR) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 2,540 call options on the stock. This represents an increase of 1,076% compared to the typical daily volume of 216 call options.

Entergy stock opened at $86.64 on Wednesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.49 and a current ratio of 0.64. Entergy has a 1-year low of $71.95 and a 1-year high of $90.79. The stock has a market capitalization of $15.34 billion, a P/E ratio of 12.03, a PEG ratio of 2.15 and a beta of 0.39.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 in the prior year, the company posted $2.35 EPS. Sell-side analysts expect that Entergy will post 7.12 EPS for the current fiscal year.

In other news, EVP Donald W. Vinci sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $89.00, for a total transaction of $178,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 4,900 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $87.00, for a total transaction of $426,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 114,460 shares of company stock worth $10,038,252 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ETR. ELM Advisors LLC purchased a new stake in Entergy in the 3rd quarter worth about $178,000. Segment Wealth Management LLC purchased a new stake in Entergy in the 3rd quarter worth about $202,000. HighPoint Advisor Group LLC purchased a new stake in Entergy in the 2nd quarter worth about $211,000. Ahrens Investment Partners LLC purchased a new stake in Entergy in the 3rd quarter worth about $216,000. Finally, Private Advisor Group LLC purchased a new stake in Entergy in the 3rd quarter worth about $248,000. 90.83% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on ETR. Zacks Investment Research cut shares of Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Morgan Stanley set a $86.00 target price on shares of Entergy and gave the company a “hold” rating in a research report on Thursday, October 11th. Bank of America upped their target price on shares of Entergy from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Citigroup upped their target price on shares of Entergy from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. 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. The company presently has an average rating of “Buy” and an average price target of $89.79.

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Entergy Company Profile

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.

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