Entergy Co. (NYSE:ETR) EVP Donald W. Vinci sold 5,200 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $85.00, for a total transaction of $442,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSE:ETR traded up $0.18 during midday trading on Friday, hitting $85.32. The company’s stock had a trading volume of 1,276,700 shares, compared to its average volume of 1,569,965. The company has a market cap of $15.08 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.87 and a beta of 0.51. Entergy Co. has a fifty-two week low of $71.95 and a fifty-two week high of $87.95. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.42 and a current ratio of 0.57.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.48. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.55 billion. Entergy had a return on equity of 13.45% and a net margin of 2.73%. During the same period last year, the business posted $3.11 earnings per share. equities analysts predict that Entergy Co. will post 6.36 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Thursday, August 9th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Wednesday, August 8th. Entergy’s payout ratio is presently 49.44%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management lifted its stake in shares of Entergy by 11.3% in the second quarter. LSV Asset Management now owns 6,327,956 shares of the utilities provider’s stock valued at $511,235,000 after buying an additional 643,668 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Entergy by 3.0% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,152,508 shares of the utilities provider’s stock valued at $248,354,000 after buying an additional 91,361 shares during the period. Boston Partners lifted its stake in shares of Entergy by 38.4% in the second quarter. Boston Partners now owns 2,824,231 shares of the utilities provider’s stock valued at $228,170,000 after buying an additional 784,238 shares during the period. Millennium Management LLC lifted its stake in shares of Entergy by 107.5% in the second quarter. Millennium Management LLC now owns 2,700,290 shares of the utilities provider’s stock valued at $218,156,000 after buying an additional 1,398,892 shares during the period. Finally, FMR LLC lifted its stake in shares of Entergy by 256.4% in the second quarter. FMR LLC now owns 2,585,554 shares of the utilities provider’s stock valued at $208,886,000 after buying an additional 1,860,030 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

ETR has been the topic of several research analyst reports. Mizuho reaffirmed a “buy” rating and issued a $88.50 price target on shares of Entergy in a research report on Thursday, April 19th. JPMorgan Chase & Co. raised their price target on Entergy from $81.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. Wolfe Research raised Entergy from an “underperform” rating to a “market perform” rating in a research report on Thursday, April 26th. ValuEngine raised Entergy from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Finally, TheStreet raised Entergy from a “c” rating to a “b” rating in a research report on Wednesday, April 25th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.71.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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