Insider Selling: Alyson M. Mount Unloads 4,439 Shares of Entergy Stock (ETR)
Entergy (NYSE:ETR) CAO Alyson M. Mount sold 4,439 shares of the stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $79.25, for a total transaction of $351,790.75. Following the sale, the chief accounting officer now directly owns 6,257 shares of the company’s stock, valued at approximately $495,867. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Entergy (NYSE:ETR) traded down 0.62% during mid-day trading on Tuesday, hitting $78.52. The stock had a trading volume of 1,117,113 shares. Entergy has a 1-year low of $60.22 and a 1-year high of $79.27. The stock’s 50-day moving average is $75.25 and its 200-day moving average is $67.15. The company has a market cap of $14.085 billion and a price-to-earnings ratio of 14.82.
Entergy (NYSE:ETR) last posted its quarterly earnings results 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 $6.16 earnings per share for the current fiscal year.
ETR has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Entergy in a research note on Monday, June 9th. 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, June 9th. They now have a $69.00 price target on the stock, up previously from $61.00. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Entergy presently has a consensus rating of “Hold” and an average price target 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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