Donald W. Vinci Sells 3,234 Shares of Entergy Corporation (ETR) Stock
Entergy Corporation (NYSE:ETR) EVP Donald W. Vinci sold 3,234 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $87.00, for a total value of $281,358.00. Following the transaction, the executive vice president now owns 15,273 shares of the company’s stock, valued at $1,328,751. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Entergy Corporation (NYSE ETR) traded down $0.64 during mid-day trading on Monday, reaching $86.36. The company’s stock had a trading volume of 956,047 shares, compared to its average volume of 1,447,082. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a market cap of $15,681.87, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.79 and a beta of 0.57. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $87.85.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter last year, the company earned $2.31 EPS. equities analysts anticipate that Entergy Corporation will post 6.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a $0.89 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 4.12%. This is a positive change from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s dividend payout ratio (DPR) is currently -70.45%.
ETR has been the subject of a number of research analyst reports. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets reiterated a “hold” rating and set a $78.00 price target 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. Morgan Stanley increased their price target on Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $82.42.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Entergy Corporation by 1.0% in the 2nd quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after purchasing an additional 154,117 shares in the last quarter. AJO LP raised its position in Entergy Corporation by 16.0% in the 2nd quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock valued at $270,119,000 after purchasing an additional 485,602 shares in the last quarter. Epoch Investment Partners Inc. raised its position in Entergy Corporation by 1.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock valued at $251,343,000 after purchasing an additional 35,312 shares in the last quarter. Franklin Resources Inc. raised its position in Entergy Corporation by 43.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after purchasing an additional 576,426 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Entergy Corporation by 27.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock valued at $88,036,000 after purchasing an additional 250,267 shares in the last quarter. 83.86% of the stock is currently owned by institutional investors.
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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