Entergy Co. (NYSE:ETR) COO Paul D. Hinnenkamp sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $107.28, for a total value of $321,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ETR traded up $1.04 during trading hours on Thursday, reaching $108.66. 719,333 shares of the company’s stock traded hands, compared to its average volume of 1,343,596. The company has a market capitalization of $21.85 billion, a PE ratio of 13.64, a PEG ratio of 3.51 and a beta of 0.55. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.81 and a current ratio of 1.06. The firm’s 50 day simple moving average is $105.47. Entergy Co. has a 12 month low of $85.78 and a 12 month high of $113.36.
Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, April 27th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.60 billion. Entergy had a return on equity of 11.30% and a net margin of 15.41%. During the same quarter last year, the company posted $1.14 EPS. Analysts expect that Entergy Co. will post 5.96 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in ETR. Pendal Group Limited purchased a new position in Entergy in the 1st quarter worth approximately $1,927,000. Rodgers Brothers Inc. purchased a new position in shares of Entergy during the first quarter valued at approximately $1,255,000. Voloridge Investment Management LLC increased its stake in shares of Entergy by 90.0% during the first quarter. Voloridge Investment Management LLC now owns 36,417 shares of the utilities provider’s stock valued at $3,622,000 after buying an additional 17,253 shares during the period. Zimmer Partners LP increased its stake in shares of Entergy by 194.4% during the first quarter. Zimmer Partners LP now owns 1,437,405 shares of the utilities provider’s stock valued at $142,979,000 after buying an additional 949,105 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of Entergy by 58.7% during the first quarter. Point72 Asset Management L.P. now owns 673,107 shares of the utilities provider’s stock valued at $66,954,000 after buying an additional 248,878 shares during the period. Institutional investors own 85.34% of the company’s stock.
A number of analysts have weighed in on ETR shares. Morgan Stanley decreased their target price on shares of Entergy from $119.00 to $117.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 18th. Wells Fargo & Company increased their target price on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Thursday, April 29th. KeyCorp restated a “sector weight” rating on shares of Entergy in a report on Monday, March 15th. Vertical Research upgraded Entergy from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, April 29th. Finally, Mizuho increased their price target on Entergy from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, March 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Entergy has a consensus rating of “Buy” and a consensus target price of $116.57.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.
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