Andrew S. Marsh Sells 600 Shares of Entergy Co. (NYSE:ETR) Stock

Entergy Co. (NYSE:ETR) CEO Andrew S. Marsh sold 600 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Entergy Trading Up 0.7 %

NYSE:ETR opened at $120.69 on Friday. Entergy Co. has a one year low of $87.10 and a one year high of $123.61. The company’s 50-day simple moving average is $112.75 and its 200 day simple moving average is $108.14. The firm has a market capitalization of $25.77 billion, a P/E ratio of 12.11, a PEG ratio of 2.29 and a beta of 0.71. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.45.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business posted $1.84 EPS. As a group, analysts forecast that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ETR shares. Barclays decreased their target price on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, July 22nd. Bank of America raised their target price on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 price target (down previously from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. BMO Capital Markets upped their target price on Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Argus raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.04.

Institutional Trading of Entergy

Several institutional investors have recently bought and sold shares of the company. Iron Horse Wealth Management LLC purchased a new stake in Entergy during the 2nd quarter valued at $25,000. Tidemark LLC bought a new stake in Entergy in the 4th quarter worth about $25,000. Heritage Wealth Advisors raised its position in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after buying an additional 239 shares during the last quarter. American National Bank raised its position in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in Entergy during the 2nd quarter valued at about $32,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.