Entergy (NYSE:ETR) Reaches New 52-Week High at $107.87

Shares of Entergy Co. (NYSE:ETR) reached a new 52-week high on Friday . The company traded as high as $107.87 and last traded at $107.68, with a volume of 34847 shares trading hands. The stock had previously closed at $107.04.

A number of research analysts have weighed in on ETR shares. Macquarie set a $100.00 price target on Entergy and gave the company a “buy” rating in a research note on Thursday, May 2nd. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. UBS Group set a $115.00 price target on Entergy and gave the company a “buy” rating in a research note on Monday, July 15th. Zacks Investment Research downgraded Entergy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Morgan Stanley lifted their target price on Entergy from $105.00 to $109.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $99.22.

The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.89 and a beta of 0.34. The business has a fifty day moving average of $104.58. The company has a quick ratio of 0.52, a current ratio of 0.73 and a debt-to-equity ratio of 1.76.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.03). The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a return on equity of 13.75% and a net margin of 8.97%. During the same period in the previous year, the business posted $1.42 earnings per share. As a group, research analysts expect that Entergy Co. will post 5.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 8th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $3.64 annualized dividend and a yield of 3.39%. Entergy’s dividend payout ratio is presently 49.79%.

In other news, Chairman Leo P. Denault sold 21,274 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $100.00, for a total transaction of $2,127,400.00. Following the completion of the transaction, the chairman now owns 205,766 shares of the company’s stock, valued at approximately $20,576,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Leo P. Denault sold 44,279 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $97.50, for a total value of $4,317,202.50. The disclosure for this sale can be found here. Insiders sold a total of 157,320 shares of company stock valued at $15,683,350 over the last ninety days. Insiders own 0.27% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. American Research & Management Co. bought a new stake in Entergy during the 1st quarter worth $30,000. Coastal Capital Group Inc. bought a new stake in Entergy during the 2nd quarter worth $37,000. Meeder Asset Management Inc. grew its position in Entergy by 1,469.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 361 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 338 shares during the last quarter. Legacy Advisors LLC bought a new stake in Entergy during the 1st quarter worth $48,000. Finally, Parkside Financial Bank & Trust grew its position in Entergy by 391.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 472 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 376 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

About Entergy (NYSE:ETR)

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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