Entergy (NYSE:ETR) Insider Laura Landreaux Sells 5,600 Shares

Entergy Corporation (NYSE:ETR) insider Laura Landreaux sold 5,600 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the transaction, the insider directly owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Entergy Trading Down 0.4%

Shares of ETR stock opened at $105.34 on Friday. The firm has a market capitalization of $49.16 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.37 and a beta of 0.49. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock’s fifty day simple moving average is $109.52 and its 200 day simple moving average is $110.21. Entergy Corporation has a twelve month low of $87.38 and a twelve month high of $118.44.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 4.39 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of research reports. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. BTIG Research reiterated a “buy” rating and set a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, BMO Capital Markets upped their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.84.

Institutional Trading of Entergy

A number of hedge funds and other institutional investors have recently bought and sold shares of ETR. Brighton Jones LLC increased its position in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares in the last quarter. Woodline Partners LP lifted its position in 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 acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new position in Entergy during the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. increased its holdings in Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Entergy during the 2nd quarter worth approximately $17,225,000. Institutional investors own 88.07% of the company’s stock.

About Entergy

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.