Richard C. Riley Sells 2,000 Shares of Entergy Corporation (ETR) Stock
Entergy Corporation (NYSE:ETR) insider Richard C. Riley sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $85.00, for a total value of $170,000.00. Following the transaction, the insider now directly owns 27,264 shares in the company, valued at $2,317,440. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Entergy Corporation (ETR) traded down 0.50% during mid-day trading on Monday, hitting $85.23. The stock had a trading volume of 1,725,587 shares. Entergy Corporation has a 52-week low of $66.71 and a 52-week high of $85.99. The firm has a 50 day moving average price of $79.45 and a 200 day moving average price of $77.80. The firm’s market cap is $15.30 billion.
Entergy Corporation (NYSE:ETR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the firm earned $3.16 earnings per share. Equities analysts predict that Entergy Corporation will post $6.75 EPS for the current year.
ETR has been the topic of several recent analyst reports. 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. BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 target price on shares of Entergy Corporation in a research report on Friday, August 4th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Morgan Stanley upped their target price on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Entergy Corporation currently has an average rating of “Hold” and a consensus target price of $79.33.
Hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its position in Entergy Corporation by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 410 shares during the period. V Wealth Management LLC acquired a new position in Entergy Corporation in the 2nd quarter valued at about $106,000. Advisory Services Network LLC increased its position in Entergy Corporation by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC increased its position in Entergy Corporation by 3.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock valued at $188,000 after acquiring an additional 71 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new position in Entergy Corporation in the 2nd quarter valued at about $204,000. Hedge funds and other 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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