Paul D. Hinnenkamp Sells 2,300 Shares of Entergy Corporation (ETR) Stock
Entergy Corporation (NYSE:ETR) COO Paul D. Hinnenkamp sold 2,300 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total value of $193,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Entergy Corporation (NYSE:ETR) traded up 1.43% during midday trading on Tuesday, reaching $84.60. The company had a trading volume of 1,559,887 shares. The stock’s market capitalization is $15.19 billion. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $84.60. The company’s 50-day moving average is $78.68 and its 200-day moving average is $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, beating analysts’ consensus estimates of $1.20 by $1.91. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $3.16 earnings per share. On average, equities research analysts forecast that Entergy Corporation will post $6.73 EPS for the current year.
ETR has been the subject of several research analyst reports. Morgan Stanley raised their target price on Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Thursday, July 6th. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Citigroup Inc. raised Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight 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 a consensus target price of $79.33.
A number of institutional investors have recently bought and sold shares of ETR. BlackRock Inc. increased its position in Entergy Corporation by 3,574.9% during the first quarter. BlackRock Inc. now owns 16,089,684 shares of the utilities provider’s stock valued at $1,222,173,000 after acquiring an additional 15,651,863 shares during the last quarter. Franklin Resources Inc. increased its position in Entergy Corporation by 43.9% in the second quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock worth $144,991,000 after buying an additional 576,426 shares in the last quarter. AJO LP increased its position in Entergy Corporation by 16.0% in the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after buying an additional 485,602 shares in the last quarter. Vanguard Group Inc. increased its position in Entergy Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock worth $1,513,680,000 after buying an additional 470,255 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Entergy Corporation by 99.4% in the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock worth $69,296,000 after buying an additional 449,986 shares in the last quarter. Institutional investors 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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