Entergy Co. (NYSE:ETR) Insider Sallie T. Rainer Sells 1,100 Shares

Entergy Co. (NYSE:ETR) insider Sallie T. Rainer sold 1,100 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $102.00, for a total value of $112,200.00. Following the sale, the insider now owns 4,097 shares in the company, valued at $417,894. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE ETR opened at $101.02 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.70 and a quick ratio of 0.52. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.73 and a beta of 0.36. Entergy Co. has a 1 year low of $76.17 and a 1 year high of $102.43.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.12). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.67 billion. Entergy had a net margin of 9.04% and a return on equity of 15.17%. During the same period in the previous year, the business posted $0.83 earnings per share. Equities research analysts forecast that Entergy Co. will post 5.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Wednesday, May 8th. Entergy’s payout ratio is currently 49.79%.

ETR has been the subject of a number of recent analyst reports. Macquarie set a $100.00 price objective on Entergy and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Co increased their price objective on Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, February 21st. Morgan Stanley raised Entergy from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 18th. ValuEngine lowered Entergy from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research lowered Entergy from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $95.50.

A number of hedge funds and other institutional investors have recently modified their holdings of ETR. Marshall Wace LLP boosted its stake in shares of Entergy by 246.9% during the 1st quarter. Marshall Wace LLP now owns 142,013 shares of the utilities provider’s stock worth $13,581,000 after acquiring an additional 101,073 shares in the last quarter. Accident Compensation Corp boosted its stake in shares of Entergy by 4.5% during the 1st quarter. Accident Compensation Corp now owns 79,504 shares of the utilities provider’s stock worth $7,603,000 after acquiring an additional 3,398 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Entergy during the 1st quarter worth $328,000. Allstate Corp bought a new stake in shares of Entergy during the 1st quarter worth $220,000. Finally, Advisory Services Network LLC bought a new stake in shares of Entergy during the 1st quarter worth $660,000. 87.89% of the stock is owned by hedge funds and other institutional investors.

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About Entergy

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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