Entergy Co. (ETR) EVP Marcus V. Brown Sells 21,443 Shares

Entergy Co. (NYSE:ETR) EVP Marcus V. Brown sold 21,443 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $98.00, for a total transaction of $2,101,414.00. Following the completion of the sale, the executive vice president now owns 39,477 shares of the company’s stock, valued at approximately $3,868,746. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Marcus V. Brown also recently made the following trade(s):

  • On Thursday, March 14th, Marcus V. Brown sold 31,300 shares of Entergy stock. The stock was sold at an average price of $94.92, for a total transaction of $2,970,996.00.

Shares of ETR traded down $0.27 during mid-day trading on Tuesday, hitting $97.68. 1,289,867 shares of the company’s stock were exchanged, compared to its average volume of 1,449,037. Entergy Co. has a twelve month low of $75.83 and a twelve month high of $98.56. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.65 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.91.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.12). Entergy had a return on equity of 15.17% and a net margin of 9.04%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company earned $0.83 EPS. As a group, research analysts predict that Entergy Co. will post 5.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 9th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $3.64 dividend on an annualized basis and a yield of 3.73%. Entergy’s payout ratio is presently 49.79%.

A number of large investors have recently bought and sold shares of ETR. Aspire Private Capital LLC acquired a new position in Entergy in the 4th quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in Entergy in the 4th quarter valued at $27,000. American Research & Management Co. acquired a new position in Entergy in the 1st quarter valued at $30,000. Investec Asset Management PTY Ltd acquired a new position in Entergy in the 4th quarter valued at $37,000. Finally, CWM LLC grew its stake in Entergy by 176.4% in the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock valued at $38,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Several research analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Entergy from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Macquarie set a $100.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Thursday, May 2nd. ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered shares of Entergy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Wells Fargo & Co increased their price target on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, February 21st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.50.

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Entergy Company Profile

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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Insider Buying and Selling by Quarter for Entergy (NYSE:ETR)

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