Entergy Corporation (NYSE:ETR - Get Free Report) EVP John Dinelli sold 5,372 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Entergy Stock Performance
NYSE:ETR opened at $105.15 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average price of $96.25 and a two-hundred day moving average price of $94.10. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $106.71. The company has a market capitalization of $47.63 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.07 and a beta of 0.65.
Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same period last year, the company earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy's dividend payout ratio (DPR) is presently 65.47%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $112.00 price objective on shares of Entergy in a research report on Friday, January 23rd. KeyCorp set a $102.00 target price on shares of Entergy and gave the company an "overweight" rating in a report on Friday, December 12th. UBS Group reaffirmed a "buy" rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. BMO Capital Markets boosted their price objective on shares of Entergy from $104.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, Siebert Williams Shank started coverage on shares of Entergy in a research note on Tuesday, January 20th. They set a "buy" rating and a $109.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $106.11.
Get Our Latest Report on ETR
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock valued at $696,000 after purchasing an additional 6,733 shares during the period. Woodline Partners LP boosted its holdings in shares of Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider's stock valued at $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Entergy by 86.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 78,643 shares of the utilities provider's stock valued at $6,537,000 after purchasing an additional 36,510 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Entergy by 15.4% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 3,742 shares of the utilities provider's stock valued at $311,000 after buying an additional 498 shares during the period. Finally, Banco Santander S.A. acquired a new stake in shares of Entergy during the 2nd quarter worth $23,453,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
About Entergy
(
Get Free Report)
Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company's operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy's generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.
Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
