Entergy Corporation (NYSE:ETR) insider Sallie T. Rainer sold 1,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $77.78, for a total value of $77,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Entergy Corporation (NYSE ETR) traded up 0.37% on Friday, reaching $77.84. The company had a trading volume of 875,719 shares. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $81.83. The firm’s market capitalization is $13.97 billion. The stock has a 50 day moving average of $76.37 and a 200 day moving average of $76.08.

Entergy Corporation (NYSE:ETR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $1.91. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period in the previous year, the company earned $3.16 earnings per share. On average, analysts anticipate that Entergy Corporation will post $6.94 EPS for the current year.

The company 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. This represents a $3.48 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, August 8th. Entergy Corporation’s dividend payout ratio is currently -69.74%.

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A number of research firms have recently commented on ETR. Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. Morgan Stanley increased their price objective on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. BMO Capital Markets reiterated a “hold” rating and issued a $78.00 price objective on shares of Entergy Corporation in a report on Friday, August 4th. Finally, BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $78.77.

A number of hedge funds have recently made changes to their positions in ETR. Benjamin F. Edwards & Company Inc. raised its stake 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 bought a new position in Entergy Corporation during the second quarter valued at approximately $106,000. Ledyard National Bank bought a new position in Entergy Corporation during the first quarter valued at approximately $123,000. Advisory Services Network LLC bought a new position in Entergy Corporation during the first quarter valued at approximately $174,000. Finally, Parallel Advisors LLC raised its position in 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 during the period. 82.53% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Entergy Corporation (NYSE:ETR)

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