Entergy Corporation (ETR) EVP Sells $449,528.00 in Stock
Entergy Corporation (NYSE:ETR) EVP Donald W. Vinci sold 5,416 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $83.00, for a total value of $449,528.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Entergy Corporation (NYSE:ETR) traded up 1.43% on Tuesday, reaching $84.60. The company had a trading volume of 1,559,887 shares. The firm’s market capitalization is $15.19 billion. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $84.60. The company has a 50-day moving average price of $78.68 and a 200-day moving average price of $77.50.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $1.91. The business had revenue of $2.62 billion for 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 posted $3.16 earnings per share. Equities research analysts forecast that Entergy Corporation will post $6.73 EPS for the current fiscal year.
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ETR has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a research note on Thursday, July 6th. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $79.33.
Several institutional investors have recently bought and sold shares of ETR. Benjamin F. Edwards & Company Inc. increased 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 worth $100,000 after purchasing an additional 410 shares during the period. V Wealth Management LLC bought a new position in shares of Entergy Corporation in the second quarter worth about $106,000. Advisory Services Network LLC increased its stake in shares of Entergy Corporation by 2.1% in the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC increased its stake 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 worth $182,000 after purchasing an additional 1,770 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in shares of Entergy Corporation in the second quarter worth about $204,000. Institutional investors and hedge funds own 84.15% of the company’s stock.
About Entergy Corporation
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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