Insider Selling: Alyson M. Mount Sells 6,428 Shares of Entergy Stock (ETR)
Entergy (NYSE:ETR) CAO Alyson M. Mount unloaded 6,428 shares of Entergy stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $78.50, for a total value of $504,598.00. Following the transaction, the chief accounting officer now directly owns 6,196 shares in the company, valued at approximately $486,386. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Entergy (NYSE:ETR) traded up 0.36% on Monday, hitting $78.69. The stock had a trading volume of 1,403,444 shares. Entergy has a 1-year low of $60.22 and a 1-year high of $79.13. The stock’s 50-day moving average is $73.8 and its 200-day moving average is $66.29. The company has a market cap of $14.115 billion and a P/E ratio of 14.71.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.34 by $0.90. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the company posted $0.94 earnings per share. Entergy’s revenue was up 23.0% compared to the same quarter last year. On average, analysts predict that Entergy will post $6.09 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Entergy in a research note on Monday. They now have a $79.00 price target on the stock, up previously from $73.00. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Entergy in a research note on Monday. They now have a $69.00 price target on the stock, up previously from $61.00. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $75.70.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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