Eliecer Viamontes Sells 200 Shares of Entergy Co. (NYSE:ETR) Stock

Entergy Co. (NYSE:ETR) insider Eliecer Viamontes sold 200 shares of Entergy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total transaction of $29,400.00. Following the completion of the sale, the insider now owns 4,173 shares of the company’s stock, valued at $613,431. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eliecer Viamontes also recently made the following trade(s):

• On Friday, August 30th, Eliecer Viamontes sold 5,166 shares of Entergy stock. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00.

Entergy Trading Up 2.1 %

Entergy stock opened at $149.03 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a market cap of $31.95 billion, a PE ratio of 18.15, a P/E/G ratio of 2.44 and a beta of 0.71. The stock has a 50-day moving average price of $132.34 and a 200 day moving average price of $118.56. Entergy Co. has a 52 week low of $94.85 and a 52 week high of $156.85.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the prior year, the company posted $3.27 EPS. Equities research analysts predict that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio is currently 55.05%.

Institutional Trading of Entergy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC increased its stake in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares during the period. Cetera Trust Company N.A bought a new stake in Entergy in the 3rd quarter valued at $29,000. Iron Horse Wealth Management LLC bought a new stake in Entergy in the 2nd quarter valued at $25,000. Coastline Trust Co bought a new stake in Entergy in the 3rd quarter valued at $31,000. Finally, Heritage Wealth Advisors boosted its holdings in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ETR. Scotiabank upped their price target on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. UBS Group upped their price target on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. upped their price target on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their target price on shares of Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, KeyCorp boosted their target price on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

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.