Entergy Corporation (NYSE:ETR) Insider Deanna D. Rodriguez Sells 6,088 Shares

Entergy Corporation (NYSE:ETR - Get Free Report) insider Deanna D. Rodriguez sold 6,088 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Entergy Price Performance

Shares of ETR traded up $0.55 during mid-day trading on Monday, reaching $74.79. 3,607,896 shares of the company's stock were exchanged, compared to its average volume of 3,236,980. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 2.47 and a beta of 0.71. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $79.04. The company has a 50-day simple moving average of $72.31 and a two-hundred day simple moving average of $63.14.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the firm posted $1.64 EPS. On average, sell-side analysts predict that Entergy Corporation will post 7.22 EPS for the current fiscal year.

Entergy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 3.21%. Entergy's dividend payout ratio is currently 58.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Iron Horse Wealth Management LLC bought a new position in Entergy during the 2nd quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Entergy in the third quarter worth $27,000. Cetera Trust Company N.A bought a new stake in Entergy during the third quarter valued at $29,000. Fortitude Family Office LLC raised its holdings in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after purchasing an additional 178 shares during the period. Finally, American National Bank boosted its holdings in shares of Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider's stock valued at $30,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ETR. Guggenheim upped their price target on shares of Entergy from $72.50 to $82.50 and gave the company a "buy" rating in a research report on Friday, November 1st. Scotiabank lifted their price objective on shares of Entergy from $72.00 to $82.50 and gave the company a "sector perform" rating in a research note on Thursday. UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded Entergy from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $58.00 to $75.00 in a research note on Monday, November 4th. Finally, KeyCorp cut shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.40.

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.