Entergy CFO Unloads $181,902 in Stock (ETR)
Entergy (NYSE:ETR) CFO Andrew S. Marsh unloaded 2,808 shares of the stock on the open market in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $64.78, for a total value of $181,902.24. Following the completion of the sale, the chief financial officer now directly owns 10,784 shares in the company, valued at approximately $698,588. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ETR. Analysts at TheStreet downgraded shares of Entergy from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Separately, analysts at Deutsche Bank raised their price target on shares of Entergy from $64.00 to $66.00 in a research note on Thursday, February 13th. Finally, analysts at Jefferies Group raised their price target on shares of Entergy from $60.50 to $65.00 in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.55.
Entergy (NYSE:ETR) traded down 0.51% on Monday, hitting $64.12. The stock had a trading volume of 943,877 shares. Entergy has a 52-week low of $60.22 and a 52-week high of $72.60. The stock’s 50-day moving average is $62.46 and its 200-day moving average is $63.38. The company has a market cap of $11.439 billion and a price-to-earnings ratio of 16.15.
Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 11th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.19. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. On average, analysts predict that Entergy will post $5.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Tuesday, February 11th.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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