Entergy (ETR) Hits New 12-Month High After Earnings Beat

Shares of Entergy Co. (NYSE:ETR) hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $91.47 and last traded at $92.03, with a volume of 70466 shares. The stock had previously closed at $90.05.

The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.12. Entergy had a return on equity of 16.22% and a net margin of 7.83%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $0.76 EPS.

ETR has been the topic of several research reports. Zacks Investment Research lowered Entergy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Royal Bank of Canada reissued a “hold” rating and set a $91.00 price target on shares of Entergy in a research report on Wednesday, January 23rd. Macquarie raised Entergy from a “neutral” rating to an “outperform” rating in a research report on Monday. Wells Fargo & Co upped their price target on Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, February 21st. Finally, ValuEngine raised Entergy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Entergy presently has an average rating of “Buy” and a consensus price target of $90.79.

In related news, CFO Andrew S. Marsh sold 8,000 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $88.14, for a total transaction of $705,120.00. Following the completion of the transaction, the chief financial officer now directly owns 76,343 shares in the company, valued at approximately $6,728,872.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Paul D. Hinnenkamp sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $90.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,342 shares of company stock worth $5,361,432. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM Advisors LLC grew its stake in Entergy by 1.9% during the 4th quarter. CWM Advisors LLC now owns 6,479 shares of the utilities provider’s stock worth $558,000 after buying an additional 123 shares during the last quarter. Bessemer Group Inc. grew its stake in Entergy by 2.1% during the 4th quarter. Bessemer Group Inc. now owns 6,323 shares of the utilities provider’s stock worth $543,000 after buying an additional 128 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Entergy by 0.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 35,511 shares of the utilities provider’s stock worth $3,056,000 after buying an additional 139 shares during the last quarter. Advisor Partners LLC grew its stake in Entergy by 2.9% during the 4th quarter. Advisor Partners LLC now owns 5,018 shares of the utilities provider’s stock worth $432,000 after buying an additional 142 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Entergy by 5.8% in the fourth quarter. Jane Street Group LLC now owns 2,750 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 91.20% of the company’s stock.

The company has a market capitalization of $16.75 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 2.55 and a beta of 0.39. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.54 and a quick ratio of 0.49.

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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.

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