Alexis M. Herman Sells 995 Shares of Entergy Corporation (NYSE:ETR) Stock
Entergy Corporation (NYSE:ETR) Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Entergy Corporation (ETR) traded down 0.38% on Monday, reaching $76.59. 1,300,616 shares of the company’s stock traded hands. The firm’s market capitalization is $13.75 billion. The firm’s 50 day moving average price is $77.14 and its 200 day moving average price is $75.66. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $81.83.
Entergy Corporation (NYSE:ETR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the business earned $3.16 earnings per share. On average, analysts predict that Entergy Corporation will post $5.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 10th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $3.48 annualized dividend and a yield of 4.54%. Entergy Corporation’s dividend payout ratio is currently -69.74%.
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Institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its position in shares of Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after buying an additional 410 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Entergy Corporation during the second quarter valued at $106,000. Ledyard National Bank acquired a new position in shares of Entergy Corporation during the first quarter valued at $123,000. Advisory Services Network LLC acquired a new position in shares of Entergy Corporation during the first quarter valued at $174,000. Finally, Parallel Advisors LLC raised its position in shares of Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.
A number of research firms have recently weighed in on ETR. Deutsche Bank AG lifted their price target on Entergy Corporation from $75.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Zacks Investment Research cut Entergy Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Royal Bank Of Canada reissued a “hold” rating and set a $80.00 target price on shares of Entergy Corporation in a report on Tuesday, May 2nd. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, TheStreet raised Entergy Corporation from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Entergy Corporation has an average rating of “Hold” and a consensus target price of $78.46.
Entergy Corporation Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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