Donald W. Vinci Sells 6,594 Shares of Entergy Corporation (ETR) Stock
Entergy Corporation (NYSE:ETR) EVP Donald W. Vinci sold 6,594 shares of Entergy Corporation stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $85.00, for a total value of $560,490.00. Following the completion of the transaction, the executive vice president now owns 14,867 shares of the company’s stock, valued at approximately $1,263,695. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Entergy Corporation (NYSE ETR) traded down 0.50% during midday trading on Monday, hitting $85.23. The company had a trading volume of 1,725,587 shares. The company has a 50-day moving average of $79.45 and a 200-day moving average of $77.80. The company’s market capitalization is $15.30 billion. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $85.99.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $1.20 by $1.91. The company 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 prior year, the business posted $3.16 earnings per share. Analysts predict that Entergy Corporation will post $6.75 earnings per share for the current year.
ETR has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a report on Thursday, July 6th. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. BMO Capital Markets reiterated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a report on Friday, August 4th. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, Morgan Stanley lifted their target price on Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $79.33.
Institutional investors have recently modified their holdings of the stock. Castleton Investment Management LLC purchased a new position in Entergy Corporation in the second quarter worth approximately $16,800,000. Principal Financial Group Inc. grew 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 acquiring an additional 449,986 shares during the period. Prudential Financial Inc. grew its position in Entergy Corporation by 4.3% in the second quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock worth $44,954,000 after acquiring an additional 23,946 shares during the period. BlackRock Inc. grew its position in Entergy Corporation by 1.0% in the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after acquiring an additional 154,117 shares during the period. Finally, Swiss National Bank grew its position in Entergy Corporation by 3.3% in the second quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock worth $50,324,000 after acquiring an additional 20,800 shares during the period. Institutional investors own 84.15% of the company’s stock.
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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