Entergy Sees Unusually High Options Volume (NYSE:ETR)

by · The Cerbat Gem

Entergy Corporation (NYSE:ETR – Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors purchased 4,398 call options on the stock. This represents an increase of approximately 289% compared to the average daily volume of 1,131 call options.

Wall Street Analyst Weigh In

Several research analysts recently commented on ETR shares. Evercore ISI raised their price objective on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Morgan Stanley set a $91.00 target price on Entergy in a research note on Thursday, November 20th. Mizuho upped their target price on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, BTIG Research upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.09.

Read Our Latest Report on ETR

Entergy Price Performance

Shares of Entergy stock traded down $0.64 on Wednesday, hitting $92.17. 369,394 shares of the company traded hands, compared to its average volume of 3,241,853. Entergy has a 12-month low of $73.15 and a 12-month high of $98.58. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company has a market cap of $41.16 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.35 and a beta of 0.62. The firm’s 50-day simple moving average is $95.35 and its 200 day simple moving average is $89.91.

Entergy (NYSE:ETR – Get Free Report) last released its earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $2.37 billion for the quarter. Analysts expect that Entergy will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were given a $0.64 dividend. The ex-dividend date was Thursday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a yield of 2.8%. Entergy’s dividend payout ratio is presently 63.21%.

Insider Buying and Selling

In related news, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. This represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entergy

A number of hedge funds have recently modified their holdings of ETR. Mattson Financial Services LLC grew its position in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Atwood & Palmer Inc. raised its holdings in Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Capital A Wealth Management LLC lifted its position in shares of Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the period. GoalVest Advisory LLC raised its stake in Entergy by 5,733.3% in the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Entergy during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

About Entergy

(Get Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It 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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