Entergy Co. (NYSE:ETR – Get Rating) COO Paul D. Hinnenkamp sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $120.94, for a total value of $786,110.00. Following the transaction, the chief operating officer now owns 26,102 shares of the company’s stock, valued at $3,156,775.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:ETR traded down $0.14 during trading hours on Wednesday, reaching $120.18. The company had a trading volume of 1,069,138 shares, compared to its average volume of 1,225,184. The stock has a 50-day moving average of $119.80 and a two-hundred day moving average of $112.24. Entergy Co. has a one year low of $98.50 and a one year high of $126.82. The firm has a market capitalization of $24.44 billion, a PE ratio of 22.94, a PEG ratio of 3.15 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 2.24.

Entergy (NYSE:ETR – Get Rating) last announced its earnings results on Wednesday, April 27th. The utilities provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.90 billion. Entergy had a return on equity of 10.44% and a net margin of 8.99%. During the same quarter in the previous year, the company posted $1.47 EPS. As a group, sell-side analysts expect that Entergy Co. will post 6.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Thursday, May 5th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, May 4th. Entergy’s payout ratio is presently 77.10%.

Several hedge funds have recently made changes to their positions in the company. CNB Bank acquired a new position in shares of Entergy during the first quarter valued at $27,000. Fairfield Bush & CO. acquired a new position in shares of Entergy during the first quarter valued at $29,000. Sandy Cove Advisors LLC acquired a new position in shares of Entergy during the fourth quarter valued at $29,000. GW&K Investment Management LLC acquired a new position in shares of Entergy during the first quarter valued at $32,000. Finally, Riverview Trust Co acquired a new position in shares of Entergy during the first quarter valued at $32,000. Institutional investors own 88.94% of the company’s stock.

ETR has been the subject of a number of research analyst reports. Baader Bank set a $188.00 price target on Entergy in a report on Wednesday, May 18th. Morgan Stanley cut their target price on Entergy from $115.00 to $111.00 and set an “underweight” rating for the company in a research note on Monday, May 23rd. StockNews.com began coverage on Entergy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Barclays set a $42.00 target price on Entergy in a research note on Monday, May 16th. Finally, UBS Group set a $170.00 target price on Entergy in a research note on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Entergy has a consensus rating of “Hold” and an average price target of $127.00.

About Entergy (Get Rating)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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