Reginald T. Jackson Sells 9,229 Shares of Entergy Co. (NYSE:ETR) Stock

Entergy Co. (NYSE:ETR) CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Entergy Stock Performance

Shares of NYSE:ETR opened at $110.83 on Thursday. The firm’s 50 day simple moving average is $104.40 and its 200-day simple moving average is $101.44. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. Entergy Co. has a one year low of $87.10 and a one year high of $110.91. The firm has a market cap of $23.67 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts predict that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its stake in shares of Entergy by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock valued at $3,537,000 after purchasing an additional 467 shares in the last quarter. CWM LLC increased its holdings in shares of Entergy by 15.6% in the 4th quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock valued at $1,492,000 after acquiring an additional 1,989 shares during the period. Ferguson Wellman Capital Management Inc. raised its position in shares of Entergy by 1.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock worth $60,273,000 after acquiring an additional 9,696 shares in the last quarter. Financial Counselors Inc. lifted its stake in shares of Entergy by 28.9% during the 4th quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after purchasing an additional 35,718 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Entergy by 464.4% during the third quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 9,910 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. Barclays cut their target price on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. BMO Capital Markets increased their target price on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Scotiabank dropped their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, KeyCorp increased their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.45.

About Entergy

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.